Ex WWE Wrestler Kane, Now Knox County Mayor, Wanting Into Bitcoin and Litecoin

As mayor of Knox County, Tennessee, former wrestler Glen Jacob, stage title Kane, is trying into Bitcoin and Litecoin to assist his municipality.

Since This autumn 2020, a number of high-profile mainstream public firms, together with Tesla, have invested in cryptocurrency. However municipalities doing the identical are skinny on the bottom. Does Jacob’s curiosity sign a change in that?

Is Bitcoin The Reply to Balancing The County Books?

Performers who turned politicians will not be an rare affair. Distinguished figures that did so embrace Ronald Reagan, Arnold Schwarzenegger, and Jerry Springer.

Since retiring from the WWE, Jacob introduced his intent to run for the mayorship of Knox County as a Republican. Following his 66% – 34% win over Democratic opponent Linda Haney, he took workplace in August 2018.

Jacob advocates for extra private accountability and fewer authorities intervention. An instance of this was his response to the masks mandate, during which he stated individuals needs to be free to resolve for themselves. On the similar time, he known as out the horrible authorities overreach the mandate represents.

“I fear that one-size-fits-all mandates similar to this set a horrible precedent for presidency overreach, are tough to implement, may cause battle between the authorities and the general public when enforced, and, as written, this order locations enforcement duties on personal companies.”

He lately tweeted a couple of assembly he had discussing Bitcoin and Litecoin. In attendance was the Litecoin Basis Venture Director, David Schwartz.

At this stage, it’s unknown how, or even when, Knox County will make the most of cryptocurrency. Solely that Jacob is happy in regards to the future. He additionally referenced crypto mining in his tweet.

Tennesse made the record of prime 5 states for Bitcoin mining as a result of its low-cost electrical energy. Mining agency Bitmain additionally has a presence there.

Miami Plans to Turn into a Crypto Hub

Whereas it’s nonetheless early days for Knox County, below the management of Mayor Francis Suarez, Miami has already laid out its plans to change into the crypto capital of the world. Reaching this could require tech corporations, particularly blockchain firms, to arrange there.

Suarez stated he’s within the course of of adjusting the native regulatory framework to mannequin Wyoming’s crypto-friendly strategy to encourage this.

Native officers are additionally contemplating giving metropolis employees the choice to be paid in Bitcoin and for native charges and taxes to be paid in cryptocurrency. There may be additionally speak in regards to the metropolis shopping for Bitcoin as a treasury technique.

On his motivation for doing this, Suarez stated:

“I feel, greater than something, Bitcoin presents a chance. The cryptocurrency area as a complete is a quickly rising trade and as of at this time, it doesn’t actually have a “dwelling.” I need to make Miami the “capitol of capital” and that features Bitcoin.”

Whereas few municipalities are leaping on the Bitcoin prepare, Jacob’s curiosity might sign burgeoning consideration on the native degree.

Bitcoin daily chart

Supply: BTCUSD on TradingView.com

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