Brian Forde, a congressional candidate seen as very friendly to this space who has attracted donations by a number of cryptonians, has lost the primaries in California.
Brian Forde came fourth with just 5.6% of the vote as, despite raising the most funding, he opened himself to easily being attacked for being registered as a Republican just before deciding to run as a Democrat.
Dave Min, who painted Forde as some sort of bitcoin barons’ candidate and went on to attack bitcoin itself, came third with 17.2% of the votes.
Neither will be anywhere near congress. Dem. Katie Porter with 19.9% of the votes and the strongly favored sitting Rep. Mimi Walters with 53.2% of the votes, will now face each other in the mid-term November elections 2018.
Neither Walters, nor Porter, has said anything regarding this space as far as we are aware, so we’re neutral on both. While for Forde the results do seem disappointing, but 5.6% can easily swing an election.
For governorship of California, this space has a front runner. Dem. Gavin Newsom was one of the first politician to accept bitcoin in 2014 when he said:
“I should promote the technology ever so subtly by saying I’ll accept bitcoin in the campaign.”
He does not accept crypto in this election as far as we can see, but Gemini’s Winklevoss twins apparently donated $13,400 each to Newsom’s campaign in December, bringing their collective total for 2017 to $116,800.
Newsom has made no comments about bitcoin or even blockchain tech since 2014 as far as we can see, but more widely his campaign page says:
“To remain the world’s powerhouse of innovation, California must ramp up its efforts on multiple fronts: doubling down on R&D, strengthening manufacturing prowess, unleashing more entrepreneurial energy, catalyzing business startups and expansion and, most importantly, supporting innovation by smoothing the path between a brilliant idea and a global brand.”
He was the front runner in the primary elections held yesterday in California, taking 33.8% of the votes, with Rep. John Cox taking second position at 26%.
Newsom and Cox will now face against each other in November during the mid-term elections when the shape of Congress might change.
But whether it will do so to become more friendly towards this space as Congress starts showing some interest, or less so, remains very much to be seen.