A senator from Wyoming has asked Elon Musk, CEO of Tesla, to move to their state because of the “best laws” governing 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 that people who understand the benefits of Bitcoin can find a place to start their business.”
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After Musk announced Tesla’s $ 1.5 billion investment in bitcoin, the cryptocurrency skyrocketed, breaking 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 nation”.
“Have you ever thought about moving?” Lummis added.
She told Yahoo Finance reporter Jessica Smith that she hadn’t heard from Musk, but that she was “eager to have a dialogue with him.”
On Thursday, Lummis, a member of the Banking, Housing and Urban Affairs Committee, said on Twitter that the cryptocurrency had great potential for savers, describing it as an “appreciative (or at least stable) asset”.
“Congressional lack of fiscal discipline is largely responsible for the devaluation of our currency,” she added.
Lummis became the first Senator to hold Bitcoin in January. At the time, she said she plans to hold onto her investment for the long term.
Lummis said Yahoo Finance Wyoming is a great place for cryptocurrency holders like Tesla because it “has dedicated custodian financial institutions specifically created to do business and hold bitcoin deposits.”