Fun

US Senator Lummis Buys More Bitcoin, Sees BTC as ‘Excellent Store of Value’

News Feed - 2021-10-10 01:10:23

US Senator Lummis Buys More Bitcoin, Sees BTC as "Excellent Store of Value"


U.S. Senator Cynthia Lummis has disclosed her bitcoin purchase worth between $50K and $100K. The senator from Wyoming sees bitcoin as an “excellent store of value” that should be in every investment portfolio. Senator Lummis Buys Bitcoin


The pro-bitcoin senator from Wyoming, Cynthia Lummis, disclosed her recent bitcoin purchase in a periodic transaction report (PTR) Thursday.


According to the filing, the senator bought BTC worth between $50,001 and $100,000 on Aug. 16. The price of bitcoin was around $45K at that time. A PTR filing for Senator Cynthia Lummis showing a bitcoin purchase on Aug. 16.


The disclosure was made outside of the 45-day reporting deadline set by the Stop Trading on Congressional Knowledge (STOCK) Act. The Act requires members of Congress to disclose every purchase and sale of individual stocks, bonds, and commodity futures valued over $1,000 within 45 days of the transaction.


A spokesperson at Senator Lummis’ office told CNBC that the disclosure delay was due to “a filing error,” stating: Once we realized it we worked with the Ethics committee to fix it. It was an honest mistake, and the issue has been resolved without penalty.


Lummis’ bitcoin purchase in August followed her indicating at the end of June that she was going to buy the dip as the price of bitcoin fell below $30K. Commenting on the falling BTC price, she said, “I’m really excited about it because as soon as it drops a little more I’m going to buy some more.”


Senator Lummis is a longtime bitcoin supporter. She previously said that she bought her first BTC in 2013 for $330 and owned five bitcoins as of the end of June.


“I really see it as a great store of value for individuals, for corporations, and for governments,” she commented about bitcoin in February, stating: I still think it is an excellent store of value and that it should be part of every individual person’s investment portfolio.


What do you think about Senator Lummis buying more bitcoin? Let us know in the comments section below. George Soros" Fund Holds Bitcoin, CEO Says Cryptocurrency Has Gone Mainstream FEATURED | 2 days ago AMC CEO Says "Huge News" for Dogecoin Fans as the Movie Theater Chain Begins Accepting Crypto Payments for Gift Cards FEATURED | 3 days ago Tags in this story bitcoin purchase, congress bitcoin, congress bitcoin purchase, cynthia lummis, Cynthia Lummis bitcoin, Cynthia Lummis crypto, Cynthia Lummis cryptocurrency, senator bitcoin purchase, senator buys bitcoin


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Guggenheim Investments Increases Bitcoin Fair Value Estimate — Says BTC Price Could Reach $600K
Guggenheim Investments Increases Bitcoin Fair Value Estimate — Says BTC Price Could Reach $600K Guggenheim Global Chief Investment Officer Scott Minerd has inc
Turner Wright7 hours agoCrypto donations fund fire relief efforts on MauiThe Giving Block matched more than $68,000 in crypto and fiat donations to raise more than $136,000 for a project aimed at assisting efforts follow
Value Locked in Lido Rises Prior to Ethereum’s Merge, LDO Token Jumps 23% Higher in 7 Days
Value Locked in Lido Rises Prior to Ethereum’s Merge, LDO Token Jumps 23% Higher in 7 Days In eight days Ethereum is planning to undergo one of the most intensive upgrades since
Bitcoin is no ‘silver bullet’ for money’s ethical problems
Stephen Katte10 hours agoBitcoin is no ‘silver bullet’ for money’s ethical problemsBoth Bitcoin and fiat currency are often in the firing line over ethical concerns, with a dedicated group of defenders and critics.
US Senator Lummis Thinks ‘Bitcoin Is Something That the Fed Should Hold on Its Balance Sheet’
US Senator Lummis Thinks "Bitcoin Is Something That the Fed Should Hold on Its Balance Sheet" Cynthia Lummis, the U.S. Republican senator from Wyoming, believes the Federal Reserve
Visa Partners With Over 65 Crypto Platforms — Crypto-Linked Card Usage Soars Despite Price Volatility
Visa Partners With Over 65 Crypto Platforms — Crypto-Linked Card Usage Soars Despite Price Volatility Visa has now partnered with more than 65 crypto platforms and exchanges. In
FTX addresses transferred $8.3M one day before amended proposal deadline
Zoltan Vardai12 hours agoFTX addresses transferred $8.3M one day before amended proposal deadlineThe transfer occurred a day before FTX debtors were set to release a new restructuring plan for the exchange.2141 Total vie
SEC Nearly Doubles Crypto Enforcement Unit — Regulator Says ‘Crypto Markets Have Exploded in Recent Years’
SEC Nearly Doubles Crypto Enforcement Unit — Regulator Says "Crypto Markets Have Exploded in Recent Years" The U.S. Securities and Exchange Commission (SEC) has nearly doubled th
Coinbase Wallet quietly integrates Blockaid security tool
Helen Partz10 hours agoCoinbase Wallet quietly integrates Blockaid security toolCoinbase Wallet integrated Blockaid’s transaction simulation and validation five months ago to better protect users from bad actors.9341 T
Déjà Boom—Arthur Hayes Says Bitcoin’s 2022 Rally Setup Is Back
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
7 Mining Heavyweights Partner With WEF on Blockchain Sourcing Initiative
Seven major mining and metal companies have inked an agreement with the World Economic Forum (WEF) to develop and deploy blockchain tools to assist with sourcing materials more responsibly and sustainably.
Presidential Candidate Brock Pierce Served With Lawsuit for Alleged ICO Fraud
Presidential Candidate Brock Pierce Served With Lawsuit for Alleged ICO FraudFormer Disney child actor and U.S. Presidential candidate, Brock Pierce, was served with a lawsuit durin