Europe should prioritize digital asset regulation, and the US Senator approves bitcoin usage

US Senator approves bitcoin usage

Wyoming Senator Cynthia Lummis said she invested in a major cryptocurrency to secure future retirement. In addition, she encourages to follow her example.

According to Lummis, BTC is great for long-term and retirement savings. She noted that she now owns 5 bitcoins, at the same time she purchased the first BTC at a cost of $330.

“I worry about having all of our retirement monies denominated in U.S. dollars. So as part of diversification, having a very diverse asset allocation, so you don’t have all your eggs in one basket, I think one of the strongest stores of value for the long run is bitcoin, ”said Lummis.

Europe should prioritize digital asset regulation

The head of the Central Bank of France, François Villeroy de Galhau is confident that the EU must make the regulation of digital currencies a priority. Otherwise, it will threaten the financial sovereignty of Europe.

François Villeroy de Galhau said the EU “only has one or two years” to create a regulatory framework for the cryptocurrency market. In his opinion, inaction could “undermine our monetary sovereignty” and potentially weaken the euro.

“I want to stress the urgency of regulating cryptoassets. We do not have much time left — just one or two years,” Villeroy de Galhau said.



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store