U.S. Midterms: Bitcoin-Friendly Politicians Elected in Colorado, California
To numerous crypto savants, the contemporary political arena, which promotes centralization and censorship sometimes, is far in the subject of significance. However, as Tuesday’s U.S. midterm survey results have begun to roll in, the ears of cryptocurrency fans have metaphorically perked up, because it had been suddenly disclosed that pro-Bitcoin/crypto politicians are sworn into office at the country’s highest levels of government.
Amid the mainstream media’s coverage of the U.S. midterms, which has been the western world’s most flavor-of-the-month, crucial details related to crypto supporters have shrunk much beneath the radar.
Why does this pertain for crypto?
In a private interview with BMI only months prior to 2014’s midterms, the Boulder, Colorado native clarified he could do all in his power to hamper anti-Bitcoin policies, whether it be through discriminated against political agencies or touting the advantages of crypto assets. Furthering this belief, speaking from the perspective of an innovator, Polis added that”it is about time” to get cryptocurrencies to grow to prominence.
And despite the comparative age of the particular interview, the politician’s pro-crypto perspectives have escalated well into 2018, even to this day. In February of the year, BMI reported that the Colorado governor asked for Congress to draft a rule for crypto holding disclosures. Although this may be regarded as an anti-crypto play, especially considering this sector worth pseudonymity, in the moment, the lawmaker asserted the growing validity of crypto required the human body to take appropriate actions.
Irrespective of the fallout due to his petition, the most important thing is that Polis is apparently poised to handle Congress’ crypto issues head-on.
Pouliot, following upon his previous tweet, issued a second material only half-an-hour afterwards, which makes it clear that Polis is not the sole Bitcoin-friendly politician to be voted as a governor.
Gavin Newsom (Democrat), among the first politicians to start his war chests to take Bitcoin (BTC), was chosen as California’s new governor.
Considering that California is a hotspot for innovation, together with all the Bay Area and Silicon Valley being world-renowned because of its proclivity for many things technology (crypto comprised ),” Newsom’s office may catalyze the widespread utilization of blockchain engineering and crypto resources in the area.
In 2014, Newsom, staying cautiously optimistic on Bitcoin, maintained:
“I should promote the technology ever so subtly by saying I’ll accept bitcoin in the campaign… I’m ready for it, but how the hell do I explain it to anybody?”
Though two is far out of a bunch, and Newsom’s approval of BTC contributions is far from all-in, these governors might be the game that sparks regulatory shift in favour of crypto assets. However, for now, there is going to get to be a fighting game, as rarely have giants kept their promises, particularly those made in an effort to garner voter grip.