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Voters know that Gavin Newsom is a politician who’s “pro-bitcoin.” To show his support for the digital currency, he’s accepted Bitcoin for his campaign donations. Newsom also has been known to be pro-technology in general. He believes that the political institutions should be “performance-based.” The politician also believes that “government information and services at every level should be thoroughly ‘digitized,’ enabling citizens to conduct business with public agencies online.”

 

California’s New Governor Has Accepted Digital Currency Donations

Aside from his beliefs, it’s worth noting that he’s now the governor of California. This means that he has become one of the most influential figures in the most populated state. California is also the largest technology sector in the USA that’s friendly to the cause of digital currencies. This fact should be celebrated. However, it doesn’t mean that Newsom is all in for the other beliefs that crypto fanatics hold.

Almost everyone knows that California, especially Northern California, is the home of some of the biggest financial technology and technological innovation companies. Coinbase, which is located in San Francisco, must be highly relieved that they have a governor that supports Bitcoin.

Just January this year, the proposal of BitLicense died in the legislature. With a governor who’s pro-Bitcoin and can easily swing decisions, it would be easier to push forward bills and have them signed into law.

It’s important for cryptocurrency economy to have the freedom to innovate and freedom to participate. California may have more freedom compared to other states when it comes to restrictive laws. Other states are focused on restricting crypto exchanges’ activities and collecting necessary fees.

bitcoin
bitcoin

California Is Not The Only State To Have A Bitcoiner In The Governor’s Mansion

The newly elected Colorado’s governor, Jared Polis, has frequently spoken about blockchain’s benefits. He advocates in making the state as a bitcoin companies’ “safe harbor.”

“Similar to Wyoming, I will work alongside the legislature to create a statewide safe harbor designed to exempt cryptocurrencies from state money transmissions laws, and I will work to establish legislation that protects “open blockchain tokens” or cryptocurrencies that are exchangeable for goods and services. These moves could allow our state to attract innovative companies and allow them to engage freely in them – as issuers, exchanges, wallet providers – without the licensing requirements of the multitude of securities and currency laws. Colorado can pave the way into the future and implement safeguards here at home with the hope that the federal government can catch up to our progress. These ideas, while bold, will put Colorado on the map for fostering new technology and experimenting with the best way to implement safeguards here at home and across the nation.”

People from Colorado may now be in an environment that’s friendly to cryptocurrencies, especially to Bitcoin.

 

Are you glad that the United States government is getting pro-cryptocurrency politicians? Let us know what you think in the comments below.

 

Photo credits: www.Pixabay.com