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#California: Midterms See Largest #US State Elect Pro- #Bitcoin Governor
Gavin Newsom is considered to be “pro-bitcoin.” Certainly, he’s willing to accept #BTC for campaign contributions. He also has a record of being pro-technology in general, believing the government should be “performance-based” and 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 Bitcoin Donations
Most importantly, he’s now the governor of California. This means that one of the most influential people in the most populated state with the largest technology sector in the #UnitedStates is friendly to the cause of bitcoin. This alone is cause to celebrate, maybe, but it doesn’t mean the Democratic politician is necessarily all in for the various stances that many — though not all — cryptonaughts hold: the right to privacy, low if any taxes, and so forth.
It’s no secret that California, particularly Northern California, is home to some of the largest technological and financial technology innovation companies in the world. Coinbase, based in San Francisco, is probably relieved to have a Bitcoiner in the governor’s mansion. The California BitLicense proposal died in the legislature in January, and with a pro-bitcoin governor now holding sway, it’d be harder to get restrictive bills signed into law.
Freedom to participate and innovate is crucial for the growth of a crypto economy, and while other states may be focused on collecting fees and restricting the activities of crypto exchanges and other types of crypto businesses, California is still free from overly restrictive laws like the BitLicense in New York.
Colorado Also Gets Bitcoiner in the Governor’s Mansion
Jared Polis, newly elected governor of Colorado, has frequently spoken of the benefits of the blockchain. He specifically advocates making Colorado a “safe harbor” for bitcoin companies: #bitcoinnews#bitcoininfo
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