A Wyoming senator asked Tesla’s CEO Elon Musk to move to his state because he has the “best laws” for bitcoin and other digital currencies.
“He is a great innovator and Wyoming is the perfect state for innovation,” Senator Cynthia Lummis told Yahoo Finance in an interview published on Friday.
She added: “We want to make sure that we have a place for people who understand the benefits of Bitcoin to find their business.”
Read more: The CIO of a $ 700 million crypto asset manager explains why Elon Musk’s gradual acceptance of bitcoin means that digital currency has room to work – and shares why he is launching an over-the-counter fund
After Musk announced Tesla’s $ 1.5 billion investment in bitcoin, the cryptocurrency soared, surpassing $ 48,000 for the first time.
On February 8, after Tesla’s announcement, Lummis sent an invitation to Musk via Twitter. She said Wyoming is “one of the most business-friendly states in the country”.
“Have you thought about moving?” Lummis added.
She told Yahoo Finance reporter Jessica Smith that she had not heard from Musk but was “dying to have a dialogue with him”.
On Thursday, Lummis, a member of the Banking, Housing and Urban Affairs Committee, said on Twitter that cryptocurrency has great potential for savers and described it as a “valuation asset (or at least stable)”.
“Congress’ lack of fiscal discipline is largely responsible for degrading our currency,” she added.
Lummis in January became the first senator to own bitcoin. At the time, she said she planned 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 depository financial institutions that were created specifically to do business and maintain bitcoin deposits”.