US Midterms Elect More Crypto-Friendly Governors

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US Midterms Elect More Crypto-Friendly Governors

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The recent US midterm elections saw a wave of unexpected results for both parties but also resulted in the election of three pro-crypto governors while two kept their job.

According to a powerful digital lobbying group Digital Asset Trade Association (DATA), these three new governor-elects and two incumbents are ranked very high in its crypto-friendly rankings.

The organization sent detailed surveys to most of the gubernatorial candidates running in these elections. The responses were used to calculate their friendliness or hostility towards the idea of cryptocurrencies and blockchain technology.

These advocates now include Jared Polis, the new governor of Colorado, Gavin Newsom of California and Mark Gordon of Wyoming, as well as two incumbents, Gina Raimondo and Greg Abbott from Rhode Island and Texas respectively.

Polis has particularly been vocal regarding his support for the space and was a part of the congressional caucus of the US House of Representatives. His support is not just limited to cryptocurrencies as he has also called for improving digital voter protection using blockchain technology and has called for digitization of government records through blockchain to make them more transparent.

Newsom of California has also been a proponent of the technology for some time and said he was fascinated by it as early as 2014. He favors pro-blockchain policies to attract investments and developers to his state which is already home to the tech hub Silicon Valley.

While the Texas governor hasn’t been vocal in his support towards cryptocurrencies, he has accepted campaign donations in Bitcoin. Rhode Island Governor Raimondo is also supportive of the industry and is asking to legalize cryptocurrency business transactions.

Wyoming Governor Gordon is the most blockchain-friendly politician of the bunch as he has stated his support for cryptocurrency businesses and seeks to exempt blockchain businesses from state money transmitter regulations as well as from sales tax. Gordon is especially opposed to the idea of difficult-to-obtain exchange licenses like BitLicense in New York.

 

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