A Wyoming senator has urged Tesla CEO Elon Musk to move to her state because it has the “best laws” for bitcoin and other digital currencies.
“He’s a great innovator and Wyoming is the perfect state for innovation,” Senator Cynthia Lummis told Yahoo Finance in an interview published Friday.
She added, “We want to make sure we have a place for people who understand the benefits of Bitcoin to find their business.”
Read more: CIO of $ 700 million crypto asset manager explains why Elon Musk’s gradual adoption of bitcoin means the digital currency has room to spin – and shares why it’s launching an over-the-counter fund
After Musk announced Tesla’s $ 1.5 billion investment in bitcoin, the cryptocurrency skyrocketed and broke above $ 48,000 for the first time.
On February 8, following Tesla’s announcement, Lummis sent an invitation to Musk via Twitter. She said Wyoming was “one of the most business-friendly states in the country.”
“Ever thought of moving?” Lummis added.
She told Yahoo Finance reporter Jessica Smith that she had not heard from Musk, but that she was “craving a dialogue with him.”
On Thursday, Lummis, a member of the Banking, Housing and Urban Affairs Committee, said on Twitter that the cryptocurrency had great potential for savers, describing it as a “valuable (or at least stable) asset.”
“The lack of fiscal discipline from Congress is largely responsible for the lowering of our currency,” she added.
Lummis became the first incoming senator to hold bitcoin in January. At the time, she said she intended to keep her investment for the long term.
Lummis told Yahoo Finance that Wyoming was a great place for cryptocurrency holders like Tesla because it had “special financial institutions set up specifically to handle business and hold bitcoin deposits.”