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

U.S. Senator Cynthia Lummis has actually divulged her bitcoin purchase worth in between $50K and $100K. The senator from Wyoming sees bitcoin as an “outstanding store of worth” that must remain in every financial investment portfolio.

Senator Lummis Buys Bitcoin

The pro-bitcoin senator from Wyoming, Cynthia Lummis, divulged her current bitcoin purchase in a regular deal report (PTR) Thursday.

According to the filing, the senator purchased BTC worth in between $50,001 and $100,000 on Aug. 16. The rate of bitcoin was around $45K at that time.

The disclosure was made outdoors of the 45-day reporting due date set by the Stop Trading on Congressional Knowledge (STOCK) Act. The Act needs members of Congress to reveal every purchase and sale of private stocks, bonds, and product futures valued over $1,000 within 45 days of the deal.

A representative at Senator Lummis’ workplace informed CNBC that the disclosure hold-up was because of “a filing mistake,” specifying:

Once we understood it we dealt with the Ethics committee to repair it. It was a truthful error, and the problem has actually been solved without charge.

Lummis’ bitcoin purchase in August followed her showing at the end of June that she was going to purchase the dip as the rate of bitcoin fell below $30K. Commenting on the falling BTC rate, she stated, “I’m truly delighted about it due to the fact that as quickly as it drops a bit more I’m going to purchase some more.”

Senator Lummis is a longtime bitcoin fan. She formerly stated that she purchased her very first BTC in 2013 for $330 and owned 5 bitcoins as of completion of June.

“I truly see it as an excellent store of worth for people, for corporations, and for federal governments,” she commented about bitcoin in February, specifying:

I still believe it is an outstanding store of worth which it must be part of every private person’s financial investment portfolio.

What do you consider Senator Lummis purchasing more bitcoin? Let us understand in the comments area below.

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