Colorado and California Simply Elected Professional-Bitcoin Governors

Following the 2018 midterm elections, the U.S. will see two new pro-Bitcoin governors sworn into workplace.

Jared Polis (D-CO) and Gavin Newsom (D-CA) each received out in opposition to their respective Republican contenders final evening, November 6, 2018. Whereas their marketing campaign factors and platforms have been capitalized by a progressive agenda, their favorable attitudes towards cryptocurrencies and blockchain know-how have caught the crypto group’s consideration.

For Gavin Newsom, this assist comes from a easy but pioneering determination to just accept bitcoin as a marketing campaign donation in 2014 when working as an incumbent candidate for California’s Lieutenant Governor seat. One of many first politicians to take action on the time, Newsom signaled the donation choice as an understated endorsement of the know-how.

“I ought to promote the know-how ever so subtly by saying I am going to settle for bitcoin within the marketing campaign. I am prepared for it. However how the hell do I clarify it to anyone?”

An Trade Advocate

Polis, who claims to have been the primary Congressman in America to just accept bitcoin as a marketing campaign donation in 2014, has embraced bitcoin and its underlying trade with a bit extra gusto.

His web site even has a complete web page devoted to blockchain policy. On this web page, he explores blockchain know-how’s potential to enhance voter safety/cybersecurity, power administration and authorities transparency, whereas additionally proposing a Council for the Development of Blockchain Expertise Use and a sandbox “to create a statewide protected harbor” for trade corporations.

“My objective is to ascertain Colorado as a nationwide hub for blockchain innovation in enterprise and authorities. I imagine robust management will put Colorado on the forefront of innovation on this sector — encouraging corporations to flock to the state and establishing authorities purposes that save taxpayers cash and create worth for Colorado residents,” the web page concludes.

Throughout his time within the Home of Representatives, Polis had a long-standing observe report as one of many trade’s most vocal defenders in Washington. In 2014, he sent a satirical letter to federal regulators that known as for a ban on the USD, a parodical and caustic response to Senator Joe Manchin’s (D-WV) personal letter to federal regulators that requested a ban on bitcoin.

In league with Consultant David Schweikert (R-AZ), he additionally proposed the Cryptocurrency Tax Fairness Act in 2017. “Just like overseas forex transactions,” a abstract reads, “it permits customers to make small purchases with cryptocurrency as much as $600 with out burdensome reporting necessities.”

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