Representative of the Republican Party of the United States Cynthia Lummis (Cynthia Lummis) appointed bitcoin supporter Tyler Lindholm as director of policy for the state of Wyoming.
Tyler Lindholm (Tyler Lindholm) is known for his loyal attitude to cryptocurrencies, so in the crypto community he is called “Cryptokovba”. He runs a company called BeefChain, which uses blockchain technology to track the supply chains of meat products.
Lindholm will take up his duties on January 3, 2021, two weeks before the inauguration of Joe Biden, the president-elect of the United States. As a representative of the Wyoming state government, in 2018, Lindholm promoted the exemption of cryptocurrency transactions from corporate taxes, as well as from property and income taxes.
Lindholm was previously co-chair of the Wyoming Blockchain Development Task Force. Lindholm has been promoting utility token and digital asset bills to spur the growth of the cryptocurrency industry in Wyoming. Such legislation has helped the state attract major players from the industry. So, in September, the cryptocurrency exchange Kraken announced its intention to open a regulated bank Kraken Financial in Wyoming to provide services to cryptocurrency firms. In February 2020, IOHK, the developer of the Cardano cryptocurrency, allocated $500,000 to the University of Wyoming in ADA to conduct research in the field of blockchain.
Lindholm will serve under Lammis, who became the first woman from Wyoming to win a seat in the U.S. Senate. She also supports the development of the digital currency industry and calls herself a fan of bitcoin, considering this crypto asset a reliable means of preserving values. Lammis first invested in bitcoin in 2013. In a recent interview with the author of the What Bitcoin Did podcast, Peter McCormack, Lummis said that using her position in the US Senate, she will make the necessary efforts to raise awareness of senators about bitcoin.
“Politicians need to understand what bitcoin is, what it is for, and how this crypto asset can coexist with a fiat currency. In fact, bitcoin is the best means of saving money compared to paper money. Bitcoin will be better able to resolve problems with the economy than the Federal reserve (the fed). In the case of the US government currency, the Fed’s plan already includes inflation, and this undermines the purchasing power of the population, ” Lammis said.
A few days ago, American entrepreneur and writer Robert Kiyosaki (Robert Kiyosaki) He said that the growth of the bitcoin exchange rate indicates the “slow death” of the US dollar.