Cryptocurrency advocate Democrat Jonathan Herzog is running for election to the U.S. House of Representatives in the primary against fellow Democrat Jerry Nadler. The latter has been representing New York’s 10th Congressional District since 2013. Herzog is a former staffer of ex-presidential candidate Andrew Yang, who also advocated for pro-crypto regulations in the United States. The Democrat Herzog first announced his intention to run for office in 2019 but has recently become much more vocal about cryptocurrencies like Bitcoin and Ethereum.
“The future would be decentralized and open-source.”
Democrat Jonathan Herzog had tweeted earlier that it is time for a representative who knows what bitcoin is. On June 3rd, he tweeted that the future is decentralized and open-source with hashtags bitcoin and ethereum. Just like the former Democrat presidential candidate Andrew Yang, Herzog supports universal basic income (UBI) and is pushing for digital assets as a campaign issue. Herzog called the current Congressman Nadler asleep at the switch on cryptocurrencies. The 26-year old Democrat candidate received positive feedback from the crypto community, but several dismissed his efforts as useful only in promoting UBI and digital currency.
It’s time for a Representative at the vanguard of this era’s civil rights fights.
It’s time for deep freedom, not shallow equality. For the people.
It’s time to move NY forward.
— Jonathan Herzog 🧢💙🌊 (@JonathanHerzog5) June 3, 2020
Former CFTC urged the U.S. government to embrace digital currencies.
The former U.S. Commodity and Futures Trading Commission (CFTC) chair Christopher Giancarlo has released a whitepaper for the U.S. CBDC. The Digital Dollar Project aims to advance the exploration of a U.S. central bank digital currency. The former CFTC chair has urged the U.S. government to embrace and explore cryptocurrencies. The whitepaper published by the former CFTC chairman explains the benefits of digitizing the U.S. dollar and urges the United States to set a precedent in regards to CBDCs. Earlier, the Ripple CEO had made a similar request to the U.S. government and urging to explore the space. He pointed out that China has taken the lead in this field of innovation, and the U.S. is lagging.