Former Republican Congresswoman and current bitcoin holder Cynthia Lamis won a seat in the US Senate against Democratic challenger Merab Ben David.
According to a Fortune report released on November 4, Lammis was one of the earliest users of Bitcoin (BTC), and first bought cryptocurrency in 2013 thanks to the advice of his son-in-law Will Cole. Cole has been the product manager at Unchained Capital, the financial services firm on the blockchain since December 2019.
“Cynthia believes in the Bitcoin philosophy, not just that it’s a new asset class,” said Caitlin Long, founder and CEO of Avanti Financial. She later tweeted that Lamis wanted to protect Bitcoin “from federal interference”.
Lamis, who defeated Ben David with 73.1% of the vote, will act as a legislator in a state that hosts cryptocurrency friendly institutions.
San Francisco-based cryptocurrency exchange Kraken became the first chartered cryptocurrency company to operate as a bank in the United States through the Wyoming Banking Council. Avanti announced last week that the same board had unanimously approved the launch of a cryptocurrency-friendly bank called Avanti Bank & Trust.
On November 2, the University of Wyoming announced the opening of the Blockchain and Digital Innovation Center, which will give college students more opportunities to study cryptocurrency and blockchain technology.
The Republican senator’s bitcoins make it one of the few representatives in the US Congress who owns a cryptocurrency. Several delegates, including Florida Congressman Darren Soto, are accepting personal contributions from cryptocurrencies, while the Digital Chamber’s Political Action Committee launched an initiative in October to donate $ 50 of Bitcoin to campaigns for every member of Congress as part of their efforts to raise awareness of cryptocurrencies. .
Loomis was the only constituency representative in Wyoming from 2009 to 2017. She will replace outgoing Republican Senator Mike Enzi.