US Senator Cynthia Lummis has revealed that she recently spent between $ 50,000 and $ 100,000 on bitcoin. The Senator from Wyoming sees bitcoin as the “perfect store of value” that should be in any investment portfolio.
Wyoming pro-bitcoin senator, Cynthia Lummis, revealed her recent bitcoin purchases in its Periodic Transaction Report (PTR) on Thursday.
According to the filing, on August 16, the senator bought BTC worth $ 50.001 to $ 100,000. Bitcoin’s price was around $ 45,000 at the time.
Disclosures were made outside the 45-day reporting deadline set out in the Congressional Knowledge Stop Trade Act (STOCK). The Act requires members of Congress to disclose any purchase and sale of individual stocks, bonds and commodity futures in excess of $ 1,000 within 45 days of the transaction.
A spokesman at Senator Lummis’s office told CNBC the delay in disclosure was due to a “filing error,” stating:
Once we realised this, we worked with the ethics committee to fix it. It was a fair mistake and the problem was resolved without penalty.
The Senator of Wyoming sees bitcoin as the “perfect store of value” that should be in any investment portfolio.
The senator in late June said she was going to “buy a dip” as bitcoin’s price fell below $ 30,000. Commenting on the falling BTC price, she said, “I’m very excited because as soon as it drops a little more, I’ll buy a little more.”
Senator Lummis has been a longtime advocate of bitcoin. Earlier she said she bought her first BTC in 2013 for $ 330 and owned 5 bitcoins by the end of June.
“I really see this as a great resource of value for individuals, corporations and governments,” she commented on Bitcoin in February, stating:
I still believe that this is an excellent asset of value and should be part of everyone’s investment portfolio.
13-10-2021, Mr Advice TEAM