Timothy Ursich, a candidate for the U.S. Senate from California wants to make Dogecoin ‘legal tender’ in the sunshine state. Democratic candidate Ursich is on the ballot for the primaries on June 7. The Senate candidate is a chiropractor and sports medicine specialist and is keen on the nuances of blockchain technology.
Ursich has reached out to top Dogecoin investors and Tesla CEO Elon Musk to endorse him for the U.S Senate. He also reached out to Doge co-founder Billy Markus for his support to capture the Dogecoin community.
Read More: Here’s How Many ‘Zeroes’ Shiba Inu Deleted From June 2021 to 2022
The Candidate on the primary ballot revealed that if elected, he will draft a bill proposing Dogecoin as Legal Tender in California. He also promised to support cryptocurrencies and push for mass adoption of the new financial technology.
The medical practitioner is a non-career politician and his name is on the ballot for primaries for the first time. “I call on Billy Markus and Elon Musk for support of my US Senate campaign here in California,” he tweeted.
He continued, “As mentioned weeks ago, if voted in/elected on June 7th, I will draft a bill proposing Dogecoin as Legal Tender. I will push for mass adoption via the universal utility of #cryptocurrency.”
Along with cryptos, Ursich has made healthcare and mental health his top priorities if elected to office. We will have to wait and watch if the Democratic candidate will receive endorsement by Elon Musk and Billy Markus.
California is becoming more crypto-friendly as its Governor, Gavin Newsom signed an executive order last month laying the groundwork for regulating the crypto industry.
Read More: Full List of Businesses that Accepted Shiba Inu As Payment in May 2022
Dogecoin saw phenomenal growth during the first half of 2021 but slumped dramatically during the second half of the year. The meme-coin had reached its all-time highs of $0.73 in May last year and dipped the day Elon Musk appeared on Saturday Night Live (SNL).
Its performance has been mediocre for close to a year now and is moving backward instead of going forward. Even Musk’s repeated tweets about Doge have failed to make its price scale up sustainably.
Read More: Terra Validator Leaks Secret Luna ‘War Room’ Chat Logs
At press time, Dogecoin was trading at $0.0822647 and is down 5.36% in the 24-hours day trade. It is also down 37.2% in the last 30-trading days.
Credit: Source link
Leave a Reply