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US Senator Cynthia Lummis discloses BTC purchase worth up to $100,000

U.S. Senator and bitcoin supporter Cynthia Lummis bought her first cryptocurrency in August 2021 for between $50,001 and $100,000, according to the periodic transaction report.

The politician used the services of brokerage River Financial to purchase the asset.

Lummis became a Wyoming state senator in 2020. At the time, she said she first invested in bitcoin in 2013, when the coin was worth about $300.

Before being elected to the Senate, Lummis served as Wyoming's treasurer. In 2019, the state passed legislation equating cryptocurrencies with money.

The senator had previously called for transferring some retirement savings into Bitcoin.

Earlier in September, Lummis said that Stablecoin reserves should be 100% cash and cash equivalents.

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