21/07/2022
🔗Could California become its own crypto-country?🔗
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☑️‘Calexit’ is now a crypto-friendly independence initiative.
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☑️A Brexit-inspired plan wants to make California its own nation, separate from the USA.
👉🏼The people behind the plan are now looking to establish cryptocurrencies as the financial backbone of the proposed nation.
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☑️The movement is called “Yes California,” though it is more commonly known as the “Calexit movement.”
👉🏼The group recently appointed a Blockchain expert named Alastair Caithness to analyze how an economy based on digital assets like Bitcoin (BTC) could be used to guarantee a Universal Basic Income, or UBI, for citizens.
👉🏼Caithness praised the idea of a future crypto-based economy, which he believes could “finance a level of free healthcare, free education, and a form of basic income” at a scale that has never before been seen. He went on to say that Californians “have struggled to achieve economic liberty” under the financial system established by the US federal government.
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✔️Scottish-national Caithness, who is residing in San Diego, also stated that people investing in land and property through crypto transactions could help boost the proposed implementation of Universal Basic Income.
🗣Marcus Ruiz Evans, Yes California’s president, is advocating for these independence measures as well.
🗣He claims that California is the “world’s fifth-largest economy,” and praised Caithness’ advice in adopting crypto, stating “people need assistance, especially right now, and the government is struggling to come up with somebody.”
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He continued:
🗣“It is also good to have a Scotsman now living in California involved in our project, as the model for a Sovereign California has been developed from the Scottish Independence Referendum.”
☑️According to Yes California, the state government has agreed to hold a public petition into “Calexit” this year. They claim that a possible formal voting process could take place by 2024.
✔️California’s Senate Banking and Financial Institutions Committee recently passed a bill seeking to define digital assets and measure their impact on state and consumer protections.
