Senator Cynthia Lummis Applauds State-Led Bitcoin Rights Laws: 'This is Why Bitcoiners Should Be American Patriots'
Portfolio Pulse from Aniket Verma
Senator Cynthia Lummis celebrated the passage of a pro-Bitcoin bill in Louisiana, which defends Bitcoin rights and bans Central Bank Digital Currencies (CBDCs). The law supports self-custody of cryptocurrencies, Bitcoin transactions, and Bitcoin mining, while prohibiting CBDCs. Lummis, a known Bitcoin advocate, has also introduced a stablecoin bill with Senator Kirsten Gillibrand.
June 25, 2024 | 3:33 am
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The passage of a pro-Bitcoin bill in Louisiana, celebrated by Senator Cynthia Lummis, supports Bitcoin rights and bans CBDCs. This could positively impact Bitcoin adoption and usage in the state.
The new law in Louisiana supports Bitcoin rights, including self-custody and transactions, while banning CBDCs. This regulatory support is likely to boost Bitcoin adoption and usage, positively impacting its price.
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IMPORTANCE 80
RELEVANCE 100