- State Pension Fund Invests in Bitcoin
- Bipartisan Political Support Emerges
- Key Takeaways and Implications
On September 13, the 'America Loves Crypto' tour visited Wisconsin, attracting over 200 Bitcoin and cryptocurrency supporters to Milwaukee’s Red Rock Saloon. The event offered attendees the chance to engage with sympathetic politicians and discuss strategies to promote Bitcoin and cryptocurrencies on Capitol Hill.
State Pension Fund Invests in Bitcoin
In May, the Wisconsin State Investment Board (SWIB) made history by investing $162 million in a Bitcoin ETF, marking the first time a U.S. state pension fund ventured into Bitcoin. Dom Bei, founder of Proof of Workforce and a Santa Monica firefighter, suggested this could set a precedent for others. He noted, 'The Wisconsin retirement system is almost fully funded and among the ten largest—a rare achievement for pension funds.'
Bipartisan Political Support Emerges
Politicians from both parties attended the gathering. Washington County Executive Josh Schoemann (R) expressed that cryptocurrencies symbolize prosperity for citizens. Milwaukee city council member Peter Burgelis (D) emphasized the significance of cryptocurrencies and encouraged constituents to vote. Schoemann remarked, 'My mission is delivering the American Dream. Cryptocurrency represents that.' Burgelis added, 'Cryptocurrency matters, and so does your vote.'
Key Takeaways and Implications
The enthusiasm for cryptocurrencies in Wisconsin indicates potential policy shifts. Key points include: * SWIB’s investment might inspire other state pension funds to consider Bitcoin. * Bipartisan involvement reflects growing cross-party acceptance of cryptocurrencies. * Advocates see cryptocurrencies as tools for enhancing government transparency and accountability.
The 'America Loves Crypto' tour continues to Philadelphia on September 16 and Washington, D.C., with free registration available on the Stand With Crypto website. The tour aims to connect enthusiasts and policymakers, potentially influencing future cryptocurrency adoption and regulation.
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