Politics regulates every single aspect of life, thus, it is of utter importance to the crypto community to have those people in charge that support cryptocurrencies and innovative technologies in general.
The recent elections in the US actually brought a couple of people that openly support digital currencies. They are:
1. Gavin Newsom, a new governor of the state of California. This politician is quite friendly towards Bitcoin and even accepts it as a means of payment for his campaign donations.
Congratulations to early Bitcoin adopter @GavinNewsom on being elected Governor of California!
"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?" – 2014 pic.twitter.com/4RLGa9BdMf
— Francis Pouliot (@francispouliot_) November 7, 2018
Given the high position that he received, Newsom may positively influence the cryptocurrency regulation in America.
2. Jared Polis, a new governor of the state of Colorado. Polis sees great potential in the blockchain technology and plans to focus on its development and further implementation into various industries.
“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,” he claimed.
Hopefully, these two governors as well as those that are yet to come will create the regulation for cryptocurrency in such a way that it will be able to develop and expand while staying safe and risk-free.
We remind you:
Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/