{"id":13008,"date":"2021-10-09T16:54:18","date_gmt":"2021-10-09T16:54:18","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/us-senator-lummis-buys-more-bitcoin-sees-btc-as-excellent-store-of-value\/"},"modified":"2021-10-09T16:54:18","modified_gmt":"2021-10-09T16:54:18","slug":"us-senator-lummis-buys-more-bitcoin-sees-btc-as-excellent-store-of-value","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/us-senator-lummis-buys-more-bitcoin-sees-btc-as-excellent-store-of-value\/","title":{"rendered":"US Senator Lummis Buys More Bitcoin, Sees BTC as \u2018Excellent Store of Value\u2019"},"content":{"rendered":"

U.S. Senator Cynthia Lummis has disclosed her bitcoin purchase worth between $50K and $100K. The senator from Wyoming sees bitcoin as an \u201cexcellent store of value\u201d that should be in every investment portfolio.<\/strong><\/p>\n

Senator Lummis Buys Bitcoin<\/h2>\n

The pro-bitcoin senator from Wyoming, Cynthia Lummis, disclosed her recent bitcoin purchase in a periodic transaction report (PTR) Thursday.<\/p>\n

According to the filing, the senator bought BTC<\/a> worth between $50,001 and $100,000 on Aug. 16. The price of bitcoin was around $45K at that time.<\/p>\n

The disclosure was made outside of the 45-day reporting deadline set by the Stop Trading on Congressional Knowledge (STOCK) Act. The Act requires members of Congress to disclose every purchase and sale of individual stocks, bonds, and commodity futures valued over $1,000 within 45 days of the transaction.<\/p>\n

A spokesperson at Senator Lummis\u2019 office told CNBC that the disclosure delay was due to \u201ca filing error,\u201d stating:<\/p>\n

Once we realized it we worked with the Ethics committee to fix it. It was an honest mistake, and the issue has been resolved without penalty.<\/p>\n

Lummis\u2019 bitcoin purchase in August followed her indicating at the end of June that she was going to buy the dip as the price of bitcoin fell below $30K. Commenting on the falling BTC<\/a> price, she said<\/a>, \u201cI\u2019m really excited about it because as soon as it drops a little more I\u2019m going to buy some more.\u201d<\/p>\n

Senator Lummis is a longtime bitcoin supporter. She previously said that she bought her first BTC<\/a> in 2013 for $330 and owned five bitcoins as of the end of June.<\/p>\n

\u201cI really see it as a great store of value for individuals, for corporations, and for governments,\u201d she commented<\/a> about bitcoin in February, stating:<\/p>\n

I still think it is an excellent store of value and that it should be part of every individual person\u2019s investment portfolio.<\/p>\n

What do you think about Senator Lummis buying more bitcoin? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nFeatured, bitcoin purchase, congress bitcoin, congress bitcoin purchase, cynthia lummis, Cynthia Lummis bitcoin, Cynthia Lummis crypto, Cynthia Lummis cryptocurrency, senator bitcoin purchase, senator buys bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. Senator Cynthia Lummis has disclosed her bitcoin purchase worth between $50K and $100K. The senator from Wyoming sees bitcoin as an \u201cexcellent store of value\u201d that should be in every investment portfolio. Senator Lummis Buys Bitcoin The pro-bitcoin senator from Wyoming, Cynthia Lummis, disclosed her recent bitcoin purchase in a periodic transaction report (PTR)…<\/p>\n","protected":false},"author":0,"featured_media":13009,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13008"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13008"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13008\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13009"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}