Ever since the people of the United States decided to change their administration in the November 2020 elections, crypto-sector has started re-emerging in the country. If you were to tune into any news from the United States in the year 2020, you would only see things going south for the crypto-sector.
Throughout Donald Trump’s tenure as the 45th President of the United States, things were completely in the dark for the crypto-sector. The industry was finding it difficult to breathe in the country due to Trump’s administration’s constant bashing of cryptocurrencies.
The cryptocurrency industry was about to be exiled from the United States when Joe Biden’s administration managed to push Trump’s administration out of the White House.
Since then, the entire cryptocurrency industry has found an open ground in the United States. The cryptocurrency firms that were once decided to leave the country have started doing the opposite. These firms are now expanding their businesses in the United States, offering more products and services to US locals.
This has even given confidence to many representatives that are currently running cities in the United States in different states. The first person to take a stand in favor of cryptocurrencies even during Trump’s administration was Miami, Florida’s mayor, Francis X. Suarez.
He was the one who welcomed the cryptocurrency firms to relocate to Miami City to set up their cryptocurrency mining firms. At present, the citizens of Miami City are allowed to receive their salaries in the form of cryptocurrencies including Bitcoin.
This time, it is a mayor from the state of Missouri who has expressed his intentions of adopting Bitcoin. The reports reveal that the mayor aiming to bring public exposure to Bitcoin is from Cool Valley.
The Cool Valley Mayor revealed that his intentions were to expose 1,500 residents in the area to Bitcoin. For this purpose, the Cool Valley Mayor stated that the public will be given Bitcoin. He stated that initially, he had thought of distributing over $1 million worth of Bitcoin over to 1,500 residents in Cool Valley.
The name of the current Cool Valley Mayor is Jayson Stewart who shared his thoughts about the adoption of Bitcoin for the citizens of Cool Valley. Stewart reportedly talked about the distribution of BTC among the users while giving an interview to KSDK, a news outlet for St. Louis.
Stewart stated that his effort is to introduce Bitcoin to every single household in the Cool Valley. This way, he wanted the people in the Cool Valley to have some acquaintance with Bitcoin. He revealed that he wanted to do it with the support of the donors as well as the government.
Stewart revealed that his intentions are also to use some of the money from the pandemic relief fund that the government has allocated to invest in this project.
When asked about the investment value, Stewart did not make a clear statement but he did confirm that the funds were going to be around $1.5 million. At the time of writing, the $1.5 million figure translates to around 30 Bitcoin (BTC).
