21/07/2022
๐Could California become its own crypto-country?๐
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โ๏ธโCalexitโ is now a crypto-friendly independence initiative.
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โ๏ธA Brexit-inspired plan wants to make California its own nation, separate from the USA.
๐๐ผThe people behind the plan are now looking to establish cryptocurrencies as the financial backbone of the proposed nation.
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โ๏ธThe movement is called โYes California,โ though it is more commonly known as the โCalexit movement.โ
๐๐ผThe 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.
๐๐ผCaithness praised the idea of a future crypto-based economy, which he believes could โfinance a level of free healthcare, free education, and a form of basic incomeโ at a scale that has never before been seen. He went on to say that Californians โhave struggled to achieve economic libertyโ under the financial system established by the US federal government.
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โ๏ธScottish-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.
๐ฃMarcus Ruiz Evans, Yes Californiaโs president, is advocating for these independence measures as well.
๐ฃHe claims that California is the โworldโs fifth-largest economy,โ and praised Caithnessโ advice in adopting crypto, stating โpeople need assistance, especially right now, and the government is struggling to come up with somebody.โ
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He continued:
๐ฃโIt 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.โ
โ๏ธAccording to Yes California, the state government has agreed to hold a public petition into โCalexitโ this year. They claim that a possible formal voting process could take place by 2024.
โ๏ธCaliforniaโs Senate Banking and Financial Institutions Committee recently passed a bill seeking to define digital assets and measure their impact on state and consumer protections.
