Tuesday’s 2018 midterm elections brought the Republican’s control of Congress to a close, with Democrats winning the US House of Representatives. The crypto community also claimed victory with several crypto-friendly politicians landing high-level positions, headlined by Democrat Gavin Newsom who defeated Republican John Cox by 59% to become the new governor of California.
Now is the time for going far and going together. For facts. For trust. For truth. Now is the time for leaders to lead.
This is California’s moment. Incredibly honored and privileged to serve as this great state’s next Governor. pic.twitter.com/DGFcfZOS7d
— Gavin Newsom (@GavinNewsom) November 7, 2018
The former two-term mayor of crypto-hub San Francisco, Newsom received $116,800 in campaign support from the Winklevoss twins. Newsom used the contribution from Ty and Cameron Winklevoss, owners of cryptocurrency exchange Gemini, to launch his gubernatorial campaign.
Although they paid in fiat, Newsom has been accepting Bitcoin since 2014. He maintained a BitPay page where US citizens were able to donate with Bitcoin (BTC) or Bitcoin Cash (BCH).
Newsom is not the only victorious crypto supporter from yesterday’s mid-term elections. Democrat Jared Polis was elected governor of Colorado, edging out Republican Walker Stapleton by a little more than six points.
Hey @jaredpolis, thanks for leading the way. My mission? To raise more #bitcoin than you. Game on?
— Gavin Newsom (@GavinNewsom) May 20, 2014
Polis has been a long-standing blockchain supporter. In a campaign policy letter, he says he wants to make Colorado a hub for blockchain technology.
“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.”
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Long-time crypto critic, Democrat Brad Sherman, counterbalanced the crypto community’s wins by Newsom and Polis.
Sherman, the incumbent, who won the US House of Representatives 30th District race in California, a post he has held since 1997, said Bitcoin should be banned. He made the statement in July at a hearing held by the House Financial Services Committee entitled “The Future of Money: Digital Currency.”
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