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California bets on Bitcoin: pro-Bitcoin legislation on the way

Newsroom by Newsroom
January 21, 2025
in Bitcoin
La California punta su Bitcoin: in arrivo una legislazione favorevole
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The State Assembly partners with the non-profit Proof of Workforce to integrate Bitcoin into local institutions.

Phillip Chen, Republican representative in the California State Assembly, has announced a strategic partnership with Proof of Workforce, a Santa Monica-based non-profit organization, to develop pro-Bitcoin legislation in the upcoming legislative session.

The initiative aims to create a clear regulatory framework for integrating Bitcoin into local and state institutions. The collaboration will focus on several areas: financial education, community engagement, and exploring how Bitcoin can contribute to California’s infrastructural development.

Dom Bei, founder of Proof of Workforce, stated:

“Bitcoin’s Genesis story has deep roots in California. A huge part of that Genesis story is an innovative network, designed to protect the time, energy, and value of everyday, working people. Bitcoin isn’t partisan; it’s uniquely Californian.”

The plan builds on prior successes. The city of Santa Monica established a Bitcoin office last summer, which, according to Mayor Lana Negrete, generated significant interest, with several other cities ready to replicate the initiative.

Chen and Proof of Workforce are also focusing on educating workers, unions, and pension funds to foster a deeper understanding of Bitcoin’s potential in the public sector.

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