Bitcoin holding Senator Cynthia Lummis woos Elon Musk


On Feb. 8 Tesla disclosed in an SEC filing that the company invested $1.5 billion in bitcoin (BTC) in January, and aims “to begin accepting bitcoin as a form of payment for our products in the near future.”

Soon after Sen. Cynthia Lummis (R., Wyo.) tweeted an invitation to Tesla CEO Elon Musk inviting him to move to Wyoming, saying the state has the “best laws for digital assets in the U.S.”

Lummis pointed to Wyoming’s low tax burden – no state income or corporate taxes – as selling points. She also said the state has been more open to cryptocurrencies than other states.

So far, the senator hasn’t heard back from Musk.

Musk announced late last year that he moved to Texas.

Lummis is the first senator known to own bitcoin and she claims she has no plans to sell it. The new senator, who took office in January, is part of the Senate Banking Committee and says she’ll make cryptocurrencies one of her priorities.

Lummis is launching a financial innovation caucus to focus on digital assets and emerging financial technologies, with the goal of educating senators about bitcoin as they consider future regulation.