Former Republican congresswoman and current Bitcoin holder Cynthia Lummis has won a seat in the U.S. Senate against Democratic challenger Merav Ben-David.
According to a Nov. 4 report from Fortune, Lummis was an early adopter of Bitcoin (BTC), having first purchased the cryptocurrency in 2013 thanks to a tip from her son-in-law, Will Cole. Cole has served as the Chief Product Officer at blockchain financial services firm Unchained Capital since December 2019.
“Cynthia believes in the philosophy behind Bitcoin, not just that it is a new asset class,” said financial firm Avanti’s founder and CEO Caitlin Long. She later tweeted that Lummis want to defend Bitcoin “against federal encroachment.”
Lummis, who defeated Ben-David with 73.1% of the vote, will be acting as a lawmaker over a state that has been very accepting of crypto-friendly institutions.