Crypto proponent and early Bitcoin (BTC) investor, Chamath Palihapitiya, made public recently his interest to run for governor in the state of California. The BTC billionaire and current CEO of Social Capital seemingly announced his plans via his Twitter profile this past January 26th. In it, he linked his website, wherein several promises for US citizens are cited. This includes a bump for teacher salaries, substantial tax reductions, handouts for new births, and student loan termination.
Furthermore, his campaign website stated that California is currently in a mess – everything in it is way too expensive. Teachers are massively underpaid, taxes are through the roof, and student loans must now come to an end, as per his website. Palihapitiya then added that when taxes are cut from 16% to 0%, the state’s total revenue could easily double.
Although no specifics were disclosed, apart from his intentions to enter politics, many now believe that Palihapitiya is preparing to run in the Gubernational race next year or perhaps for a special election.
Crypto personalities entering politics
Apart from Palihapitiya, several crypto personalities have now entered US politics. With the coming of the new administration led by President Biden, crypto advocates such as Michael Barr and Gary Gensler have since been nominated for major positions deep within the US government. Biden chooses Barr as the upcoming Office of the Comptroller of the Currency (OCC) head and Gensler as the new Securities and Exchange Commission (SEC) lead.