- “Thank God for Bitcoin…that transcends the irresponsibility of governments,” Senator Cynthia Lummis mentioned.
- Sen. Lummis’ remarks got here in response to the Senate’s approval of a invoice to enhance the U.S. debt restrict by $480 billion.
- “Time and again…presidents of both parties have run up the debt irresponsibly with no plan to address it.”
Bitcoin is a blessing of God amid irresponsible insurance policies on the authorities stage, mentioned Senator Cynthia Lummis in a speech to the Senate. The Senator supplied her perspective on how Bitcoin may also help folks keep immune to “irresponsible” financial insurance policies.
“One of the reasons I became so interested in non-fiat currencies is because they’re not issued by a government. Bitcoin is not issued by a government.”
On October 7, the Senate permitted a invoice to assist the U.S. keep away from a default on its debt within the subsequent few weeks. The settlement permits a rise of $480 billion to the debt restrict, “a sum the Treasury Department estimates will allow it to pay bills until December 3,” CNBC reported.