Midterm Elections Turn the House of Representatives Blue, Bring in Bitcoin-Friendly Governors to Colorado and California
The midterm elections were last night, and the media outlets for every state were brimming with excitement over the changes happening. The Senate remains primarily dominated by Republicans, but Democrats had their own victory over the House of Representatives. At a local level, both Colorado and California are welcoming pro-Bitcoin governors – Jared Polis and Gavin Newsom, respectively.
Jared Polis, a Democrat, won 51.6% of the vote, and he has been publicly supportive of Bitcoin since 2014. In fact, on his campaign page, there is an entire section that is dedicated to blockchain. He comments,
“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.”
Before Polis ran for governor, he was a U.S. representative that was notoriously supportive of both cryptocurrency and blockchain. In fact, he asked for a ban on the U.S. Dollar as a satirical response to Senator Joe Manchin’s request for a ban on Bitcoin in 2014. He later became the co-founder of the Congressional Blockchain Congress in February last year.
— Gavin Newsom (@GavinNewsom) May 20, 2014
Gavin Newsom, a Democrat as well, won 59% of the vote, and had over $100,000 in support coming in from the famous Winklevoss twins. He also offers a BitPay page that allowed other supporter to contribute Bitcoin or Bitcoin Cash to his campaign. He is been fairly subtle and quiet about blockchain technology, commenting, “I should promote the technology ever so subtly by saying I’ll accept bitcoin in the campaign.”
With these two in power in their states, the attention shifts to the new House of Representatives and the Senate. The Senate seems to be staying republican, but the House of Representatives saw a major shift as Democrats took over. Even with the cryptocurrency and blockchain support that this provides, there is still a major voice in Congress that has been infamously opposed to cryptocurrency – Brad Sherman. Sherman retained 70% of the vote this election and has kept his congressional seat for over two decades, and his archaic views are easily keeping this generation of investors from accessing important tools.