Sen. Lummis still 'very comfortable' with Bitcoin in retirement plans
Pro-crypto United States senator Cynthia Lummis has remained steadfast in her support for Bitcoin (BTC) as part of diversified retirement plans, despite calls from her senator peers otherwise.
As it stands, Lummis seems to be just one of the few openly crypto-friendly politicians in the United States and has notably pushed for progressive crypto regulation alongside Senator Kirsten Gillibrand.
Speaking with online news outlet Semafor on Dec. 12, Lummis outlined that crypto winter has not shaken her resolve in BTC and that she’d still like to see the asset included in United States 401(k) retirement plans:
What she was not sure about, however, was everything else — suggesting that the “jury's still out on other cryptocurrencies.”
“I personally believe that because there are only going to be 21 million Bitcoin that are mined, that Bitcoin will go up,” Lummis said, adding that it's “a personal belief, just based on its scarcity.”
These comments present a slightly different stance from what she initially outlined on retirement plans back in June 2021.
At the time, she had vouched for the inclusion of other certain cryptos, however, it appears that crypto winter and the recent FTX debacle may have shifted her opinions slightly.
“I’d also like to see individuals be able to use Bitcoin and cryptocurrencies of their preference that are safe, that have met the hurdles of anti-money laundering and Bank Secrecy Act,” she said.
Related: Crypto Twitter explodes over the news of Sam Bankman-Fried's arrest
Elsewhere on Capitol Hill, senators include Elizabeth Warren, Tina Smith and Richard Durbin instead have used recent market turmoil to reiterate their calls for Fidelity Investments to wind back its BTC-linked 401(k) retirement product.
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