- Senator Lummis says Bitcoin can help every American gain financial safety and freedom.
- She wants crypto rules to guide Bitcoin use and protect long-term users in the US.
- Lummis sees Bitcoin as an honest answer to high inflation and weak traditional systems.
U.S. Senator Cynthia Lummis has described Bitcoin as “freedom money,” stating it offers faster, cheaper, and easier transactions for all Americans. She made these remarks during a live interview on Fox Business, highlighting Bitcoin’s long-term role in economic empowerment.
Senator Lummis tied these macroeconomic signals to her advocacy for decentralized financial alternatives, particularly Bitcoin. She stated, “Bitcoin is freedom money and will make life better for every American.”
Bitcoin as a Hedge Against Inflation
Lummis described Bitcoin as a modern alternative to the U.S. dollar, especially during economic uncertainty and high inflation. She explained that Bitcoin operates outside government supervision, which gives holders financial independence from centralized institutions and monetary policies. According to Lummis, Bitcoin offers transparency, limited supply, and no central bank reliance, making it a secure choice amid dollar value declines.
The senator believes Bitcoin’s fixed supply helps Americans manage rising living costs and inflationary pressures. She added that many Americans are turning to Bitcoin as a long-term monetary strategy, not just an investment. In her words, “Bitcoin provides holders with an alternative that does not depend on any central bank.”
Policy Push for Crypto Clarity and Protection
Senator Lummis has pushed for clearer regulations on Bitcoin’s integration into the U.S. financial system. She co-authored the Responsible Financial Innovation Act, which addresses stablecoin use, digital asset categorization, and central bank digital currency (CBDC) restrictions. She also championed for GENIUS Act and the CLARITY Act, of which the GENIUS Act has been signed by President Donald Trump into law. While the CLARITY Act now heads to the Senate for a final vote, aiming to distinguish digital commodities from securities. She shared, “We had to do some extra listening, changing, amending… but we got a good solid vote.”
Related: Senate Republicans Unveil Draft Bill for Crypto Regulation
Legislative Strategy and Bipartisan Momentum
She outlined her continued efforts to maintain bipartisan support for crypto legislation. She noted, “We’ve been crafting and getting feedback… for four years now,” referring to the Senate’s evolving crypto framework. This framework includes the idea of “ancillary assets,” which are used to determine whether tokens are classified as securities or commodities.
The Wyoming senator added that these changes are crucial to ensure clarity in U.S. crypto law and investor protection. Her Senate draft aims to modernize how the SEC governs crypto while promoting innovation and reducing regulatory uncertainty. Through these initiatives, Lummis is building a policy environment that protects Americans and supports Bitcoin’s integration.
Can Bitcoin Really Protect Americans from Inflation?
Lummis’s advocacy is part of a broader effort to align Bitcoin with U.S. financial law. She still links Bitcoin’s value to actual world troubles like inflation, rising expenses, and money stability. In her scenario, cryptocurrency has a starring role to play in putting back control of money into the hands of Americans and protecting them from the whims and dangers of a one-size-fits-all statutory policy that dominates virtually all areas of financial regulation.
