According to a press release sent to bitcoin Magazine, US Senator Cynthia Lummis (R-WY) will appear in Washington DC alongside Fred Thiel, CEO of Marathon Digital Holdings (NASDAQ:MARA)to discuss the importance of maintaining the competitiveness of bitcoin mining in the United States.
News of Lummis' participation in The bitcoin Policy Summit by The bitcoin Policy Institute (IPB) It comes after comments made by the Senator in support of bitcoin mining earlier this year: “bitcoin mining is good for America's energy grids and the development of new or abandoned energy resources…bitcoin miners, we'd love to have you in Wyoming.”
Lummis has maintained a history of supporting the bitcoin industry and sharing views often promoted by those who support sound money. Earlier this month, Lummis reiterated his support for sound monetary policy as a central component of his belief in American prosperity: “I am pro-America. I am in favor of freedom. “I am for hard money…I am opposed to the degradation of Americans' money.”
In a statement delivered to bitcoin Magazine, David Zell (co-founder of BPI) acknowledged Lummis's foresight as a bitcoin advocate: “Senator Lummis has long understood the importance of getting the United States right on public policy for digital assets… When viewers were predicting the death of cryptocurrencies after FTX, Senator Lummis correctly insisted on the importance of bitcoin and its regulation.”
The bitcoin Policy Summit taking place on April 9, 2024 at the National Press Club in Washington DC comes at a time of intense partisan tensions regarding bitcoin and bitcoin mining. The Biden administration's U.S. Energy Information Administration (EIA) has proposed an “emergency” survey of bitcoin miners and their energy use. The emergency survey proposal was bitcoin-miner-survey”>later fell following pushback from industry representatives, including Riot Platforms (NASDAQ:RIOT) and the Texas Blockchain Council.
Together with Lummis and Thiel, the bitcoin Policy Summit characteristic presentations from human rights activists, academics, and global technology leaders with the goal of setting the record straight about bitcoin in the context of federal and local policymaking. bitcoin Magazine, In collaboration with BPIwill livestream the Summit via social media, including Twitter (X) and Youtube.
To learn more about the bitcoin Policy Summit, visit https://www.btcpolicysummit.org/.
