According to a press release sent to bitcoin magazine, US Senator Cynthia Lummis (R-WY) is scheduled to 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 US.
News of Loomis' participation in… Bitcoin Policy Summit by Bitcoin Policy Institute (bbi) It follows comments the senator made in support of Bitcoin mining earlier this year: “Bitcoin mining is good for America's power grids and the development of new/retired energy resources…Bitcoin miners, we'd love to have you with us in Wyoming.”
Lummis has maintained a track record of supporting the Bitcoin industry and sharing views often promoted by those who support sound money. Earlier this month, Loomis reiterated her support for sound monetary policy as a key component of her belief in American prosperity: “I am pro-America. I am pro-liberty. I am a proponent of hard money… and I am opposed to taking away Americans’ money.”
In a statement delivered to bitcoin magazine, David Zell (co-founder of BPI) acknowledged Loomis's insight as a Bitcoin advocate: “Senator Loomis has long recognized the importance of America getting public policy for digital assets right… When onlookers were predicting the death of cryptocurrencies after FTX, Senator Loomis was on board. Haq insisted on the importance of Bitcoin and its regulation.”
The Bitcoin Policy Summit on April 9, 2024 at the National Press Club in Washington, D.C. comes at a time of rising partisan tensions regarding Bitcoin mining and Bitcoin. The US Energy Information Administration (EIA) of the Biden administration has proposed conducting an “emergency” survey of Bitcoin miners and their energy use. The emergency survey proposal was later dropped after opposition from industry representatives including Riot Platforms (NASDAQ:RIOT) and the Texas Blockchain Council.
Along with Loomis and Thiel, the Bitcoin Policy Summit will feature presentations from global human rights activists, academics, and technology leaders with the aim of setting the record straight regarding Bitcoin in the context of federal, state, and local policymaking. bitcoin magazine, In cooperation with BabyThe summit will be broadcast live across social media including Twitter (X) And YouTube.
To learn more about the Bitcoin Policy Summit, visit https://www.btcpolicysummit.org/.
