A Wyoming senator has urged Tesla CEO Elon Musk to move to her state because it has the ‘best laws’ for bitcoin and other digital currencies.
“He’s a great innovator and Wyoming is the perfect state for innovation,” Senator Cynthia Lummis told Yahoo Finance in an interview published Friday.
She added: “We want to make sure we have a place for people who understand the benefits of Bitcoin to track their business.”
Read more: The CIO of a $ 700 million crypto asset manager explains why Elon Musk’s gradual adoption of bitcoin means the digital currency has room to manage – and shares why he is launching an over-the-counter fund .
After Musk announced Tesla’s $ 1.5 billion investment in bitcoin, cryptocurrencies soared and broke above $ 48,000 for the first time.
On February 8, following Tesla’s announcement, Lummis sent an invitation to Musk via Twitter. She said Wyoming was “one of the most business-friendly states in the country”.
“Are you already thinking about moving?” Lummis added.
She told reporter Jessica Smith, Yahoo Finance, that she had not heard from Musk yet, but that she was “looking for a conversation with him.”
Lummis, a member of the Banking, Housing and Urban Affairs Committee, said on Twitter on Thursday that the cryptocurrency has great potential for savers and described it as an “appreciative (or at least stable) asset”. . “
“The lack of fiscal discipline of Congress is largely responsible for the dismantling of our currency,” she added.
In January, Lummis became the first incoming senator to own bitcoin. At the time, she said she planned to keep her investment long-term.
Lummis told Yahoo Finance Wyoming was an excellent place for cryptocurrency holders like Tesla because it “had special financial institutions created specifically to do business and hold deposits in bitcoin.”