November 15, 2024

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Crypto blame game back on US Senators’ menu following SBF arrest

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Crypto blame game back on US Senators' menu following SBF arrest

The

Despite the decade-long federal resistance toward crypto, the support for crypto US Senators has grown evidently stronger. Pro-crypto Senator Cynthia Lummis believes in Bitcoin’s (BTC) position as a viable inclusion to 401(k) retirement plans, revealing her disregard for the prolonged, but temporary, bear market:

“I’m very comfortable with making sure that people can include Bitcoin in their retirement funds because it’s just different than other cryptocurrencies.”

Lummis places her bet on Bitcoin’s scarcity, which according to “a personal belief,” will help increase the asset’s value over time.