Horses, cattle, wide-open spaces … and a guy who sells self-driving electric cars?
Tesla CEO Elon Musk is being recruited by a senator from Wyoming, a state ideal for bitcoin and other digital currencies, she says.
“He’s a great innovator and Wyoming is the perfect state for innovation,” Senator Cynthia Lummis told Yahoo Finance. “We want to make sure that we have a place for people who understand the benefits of bitcoin to locate their business.”
Lummis, who took office in January, is the first senator known to own bitcoin. She is part of the Senate Banking Committee and lists cryptocurrencies as a priority.
Musk announced Tesla’s $1.5 billion investment in bitcoin, causing bitcoin to move above $48,000 for the first time.
On Thursday, Lummis, a member of the Banking, Housing and Urban Affairs Committee, said on Twitter that the cryptocurrency had great potential for savers and described it as an “appreciating (or at least stable) asset.”
Earlier in the week, Lummis tweeted: “Hey @elonmusk, I hear Wyoming is one of the most business-friendly states in the nation and has the best laws for digital assets in the US. Ever think about relocating?”
She told Yahoo Finance that she hadn’t heard back from Musk but that she was “dying to have a dialogue with him.”
Musk said late last year that he has effectively moved to Texas.
Lummis’ press secretary Abegail Cave told Cointelegraph that the state has incentives for the Tesla CEO, including having no corporate or personal state income tax.
Via the Cointelegraph story:
“In September, the Wyoming State Banking Board granted crypto exchange Kraken a charter to operate as a crypto-friendly bank. The following month, regulators gave Avanti Bank & Trust the green light to receive and custody crypto in a similar fashion.”