Former Wyoming congresswoman Cynthia Lummis has just secured a six year term in the US senate, defeating Democractc candidate Marv Ben-David in Wyoming. During her eight year run as a congresswoman, Lummis is known for her first Bitcoin investment in 2013. For reference, Bitcoin was only worth ~$300 nearly seven years ago.
Wyoming already has a reputation for being friendly to pro-blockchain regulation. A 2019 Forbes article written by Caitlin Long details that at the time of writing, Wyoming already had thirteen “blockchain-enabling laws.” This would would give Wyoming the bragging rights of being the most regulation-friendly state in the entire United States. The article goes on to describe Wyoming as the “Delaware of digital asset law,” an ode to Delaware’s corporate law code.
This excites many crypto fans as support for Bitcoin and crypto-currency as a whole is a slow, stubborn battle in the United States. Having a Bitcoin user and supporter serve in the United States is a huge victory in terms of blockchain adoption. Lummis will be sworn into office on Jan. 3, 2021.
