Per a press launch despatched to Bitcoin Journal, United States Senator Cynthia Lummis (R-WY) is about to look in Washington D.C. alongside Fred Thiel, CEO of Marathon Digital Holdings (NASDAQ:MARA), to debate the significance of sustaining the competitiveness of bitcoin mining in the US.
Information of Lummis’s participation in The Bitcoin Coverage Summit by The Bitcoin Coverage Institute (BPI) comes after feedback made by the Senator in assist of bitcoin mining earlier this yr: “Bitcoin mining is sweet for America’s power grids and the event of recent/stranded power sources… Bitcoin miners, we’d like to have you ever in Wyoming.”
Lummis has maintained a monitor file of supporting the Bitcoin business and sharing viewpoints often-touted by these in assist of sound cash. Earlier this month, Lummis reiterated her assist of sound financial coverage as a core element of her perception in American prosperity: “I’m pro-America. I’m pro-freedom. I’m pro-hard cash… I oppose the debasement of Individuals’ cash.”
In an announcement delivered to Bitcoin Journal, David Zell (co-founder of BPI) acknowledged Lummis’s foresight as a Bitcoin advocate: “Senator Lummis has long-understood the significance of America getting public coverage for digital property proper… When onlookers have been predicting the demise of crypto after FTX, Senator Lummis accurately insisted on the importance of Bitcoin and its regulation.”
The Bitcoin Coverage Summit on April ninth, 2024 on the Nationwide Press Membership in Washington D.C. comes at a time of heightened partisan tensions with regard to Bitcoin and bitcoin mining. The Biden administration’s US Vitality Info Administration (EIA) proposed an “emergency” survey of bitcoin miners and their power use. The emergency survey proposal was subsequently dropped following pushback from business representatives together with Riot Platforms (NASDAQ:RIOT) and the Texas Blockchain Council.
Alongside Lummis and Thiel, The Bitcoin Coverage Summit will function shows from international human rights activists, lecturers, and know-how leaders with the goals to set the file straight on Bitcoin within the context of federal and native policymaking. Bitcoin Journal, in collaboration with BPI, will livestream the Summit through social media together with Twitter (X) and YouTube.
To be taught extra concerning the Bitcoin Coverage Summit, go to https://www.btcpolicysummit.org/.
