Speaking at The Bitcoin Conference U.S. Senator Cynthia Lummis opened her keynote by recalling her first encounter with Bitcoin, describing it as an unfamiliar concept of owning an asset that exists on a blockchain, before purchasing three tokens at roughly $300 each.

Lummis told the audience that Bitcoin first struck her as “free money” because it removes the need to trust a third party to hold or move value. 

She linked that realization back to her early purchases of three bitcoin at about $300 each, when the idea of owning an asset that lives on a blockchain still felt strange.

Lummis referenced periods of war, noting that bitcoin often serves as a refuge from poor…

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