The bitcoin industry may have recieved yet anothet boost, as two crypto-friendly lawmakers secured governorship spot in the U.S. 2018 midterm elections.
The candidates, Jared Polis (D-CO) and Gavin Newsom (D-CA) both won against their respective Republican contenders. But why are they called crypto-friendly lawmakers or advocates?
That is because of their favorable attitudes toward cryptocurrencies and blockchain technology as a whole.
Jared Polis, is said to be the first Congressman in America to accept bitcoin as campaign donation in 2014, little wonder why even his website, has an entire page dedicated to blockchain policy.
This session of his website, talks about ways to explore blockchain technology’s potential as a tool to improving voter protection/cybersecurity, energy management and government transparency, while also proposing a Council for the Advancement of Blockchain Technology Use and a sandbox “to create a statewide safe harbor” for industry companies.
“My goal is to establish Colorado as a national hub for blockchain innovation in business and government. I believe strong leadership will put Colorado at the forefront of innovation in this sector — encouraging companies to flock to the state and establishing government applications that save taxpayers money and create value for Colorado residents,” the page concludes.
More so, during his stint in the House of Representatives, Polis was said to be one of the industry’s most vocal defenders in Washington. In 2014, he sent a satirical letter to federal regulators that called for a ban on the US Dollar, a parodical and caustic response to Senator Joe Manchin’s (D-WV) own letter to federal regulators that requested a ban on bitcoin.
Meanwhile, Gavin Newsom, has also shown support to the crypto industry by accepting bitcoin as a campaign donation in 2014 when running as an incumbent candidate for California’s Lieutenant Governor seat.
“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?”