London Daily

Focus on the big picture.
Thursday, Jul 31, 2025

A senator has urged Elon Musk to move to Wyoming as it has the 'best laws' for bitcoin and is 'the perfect state for innovation'

A senator has urged Elon Musk to move to Wyoming as it has the 'best laws' for bitcoin and is 'the perfect state for innovation'

Senator Cynthia Lummis of Wyoming urged Tesla CEO Elon Musk to move to her state, saying it had the best laws for cryptocurrencies such as bitcoin
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 on Friday.

She added: "We want to make sure that we have a place for people who understand the benefits of Bitcoin to locate their business."

After Musk announced Tesla's $1.5 billion investment in bitcoin, the cryptocurrency skyrocketed, breaking above $48,000 for the first time.

On February 8, after Tesla's announcement, Lummis sent an invitation to Musk via Twitter. She said Wyoming was "one of the most business friendly states in the nation."

"Ever think about relocating?" Lummis added.

She told Yahoo Finance reporter Jessica Smith that she hadn't heard back from Musk but that she 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 the cryptocurrency had great potential for savers and described it as an "appreciating (or at least stable) asset."

"Congress' lack of fiscal discipline is largely responsible for debasing our currency," she added.

Lummis in January became the first incoming senator to hold bitcoin. At the time, she said she planned to hold her investment for the long term.

Lummis told Yahoo Finance Wyoming was a great place for cryptocurrency holders like Tesla because it had "special depository financial institutions that were created specifically to transact business and hold deposits in bitcoin."
Newsletter

Related Articles

0:00
0:00
Close
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
Over 120 Criminal Cases Dismissed in Boston Amid Public Defender Shortage
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
×