US Senate Candidate Timothy Ursich promised to work towards making DOGE a legal tender if he wins the election in California as we can see more today in our latest Dogecoin news.
Timothy Ursich of the Democratic Party runs for election to the US Senate to represent California and promised that he will draft a bill proposing DOGE as an official payment method if he wins it. He also opined that two of the best instruments against inflation can be cryptocurrencies like Bitcoin and Ethereum.
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I call on @BillyM2k and @elonmusk for support of my US Senate campaign here in California.
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
— Dr. Timothy Ursich Jr Candidate for US Senate 2022 (@Ursich4SenateCA) June 2, 2022
The United States Senate election in California will take place on June 7 and one of the candidates is a member of the Democratic Party who is a strong crypto proponent. The US Senate Candidate is a 37-year-old politician who promised to bring a bill that grants DOGE as a legal tender and to accomplish that goal, he called upon the help of Billy Markus as the DOGE co-founder and Elon musk. Right now, the only digital asset used as an official payment method is BTC since the Central African Republic and El Salvador adopted it.
Urisch believes that cryptocurrencies can be a strong hedge against the record inflation in the US and according to him, the assets with limited supply and the strong adoption like BTC can fit the bill so despite lacking a maximum cap, unlike BTC, the politician maintained that ETH can work as such an instrument. Dogecoin’s price surged to an ATH of over $0.70 a few months ago and it is safe to say that some of its progress was sparked by Tesla’s CEO Elon Musk. He vowed that SpaceX will put a literal DOGE on the Moon and after this announcement, the coin surged by 35%.
A few months later, Musk criticized BTC and ETH for conducting slow and expensive transactions while opining that DOGE could minimize fees and can provide faster settlement speed. Tesla’s boss spoke at the B Word Event in July where he revealed that he invested personally some of his wealth in BTC, ETH, and DOGE. His support for the meme coin peaked in 2022 when he challenged the US fast-food chain Mcdonald’s to accept it as a means of payment so if the company does so, Musk promised to eat a Happy Meal on TV. A few days ago, he again boosted DOGE’s price and disclosed that SpaceX will embrace the meme coin as a form of payment.
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