A United States senator known for supporting crypto spent thousands of dollars purchasing Bitcoin (BTC) during its mid-August dip.
A disclosure filing from the U.S. Securities and Exchange Commissions (SEC) shows that Republican Cynthia Lummis, the first woman from Wyoming to ever serve as a senator, spent somewhere between $50,000 and $100,000 on Bitcoin purchases on August 16th.
Lummis previously remarked in a CNBC interview that she owns five BTC tokens, and that people should consider investing in the digital asset as a hedge against inflation.
“I encourage people to buy and hold. I encourage them to save Bitcoin for their retirement, their future.
That’s because as Congress spends trillions and trillions flooding our economy and the world economy with US dollars, there’s no