3 months ago
California State Senator Ben Allen has endorsed bitcoin nonprofit laminitis Dom Bei successful his campaign for a spot connected the committee of the California Public Employees’ Retirement System (CalPERS).
CalPERS oversees a monolithic $500 cardinal pension money serving implicit 2 cardinal nationalist assemblage retirees. If elected, Bei would beryllium the archetypal openly pro-bitcoin dependable connected the 13-member board.
Bei is simply a 16-year seasoned firefighter who founded Proof of Workforce, a nonprofit providing bitcoin acquisition to workers, unions and pension funds. He antecedently served connected Santa Monica’s pension advisory committee and played a cardinal relation successful the city’s firefighters union, becoming 1 of the archetypal to clasp bitcoin.
I’ve dedicated implicit a decennary to championing workers and wage-earners.
Now, 𝐈’𝐦 𝐫𝐮𝐧𝐧𝐢𝐧𝐠 𝐟𝐨𝐫 𝐂𝐚𝐥𝐏𝐄𝐑𝐒 𝐁𝐨𝐚𝐫𝐝 𝐨𝐟 𝐓𝐫𝐮𝐬𝐭𝐞𝐞𝐬 to support our nation’s largest nationalist pension, serving 2M+ participants! pic.twitter.com/qgbocBVTAI
Through his outreach work, Bei has assisted aggregate unions, associations and pensions successful exploring and adopting bitcoin strategies. This includes spearheading acquisition efforts for the Wisconsin Retirement System. Bei present hopes to bring his bitcoin acquisition straight to CalPERS, which manages status assets for California police, firefighters, teachers and different nationalist employees.
Senator Allen stated, “Now much than ever, pension participants request engagement and transparency from CalPERS. I endorse Dom Bei to beryllium that conduit arsenic a subordinate laser-focused connected the fund’s semipermanent health.” Other notable endorsements see Santa Monica Mayor Lana Negrete, California Treasurer campaigner Tony Vazquez and implicit a twelve authorities legislators.
CalPERS faces increasing headwinds with its accepted 60/40 portfolio allocation, struggling amid ostentation and rising involvement rates. With ballots going retired successful precocious August, Bei’s bitcoin credentials could resonate with California’s nationalist workforce seeking caller strategies to enactment up their status security.
His run website accepts donations successful some fiat and bitcoin.
Vivek has been fascinated by Bitcoin since helium discovered it successful 2016. He besides runs a Bitcoin selling agency, Bitgrow Lab, and helium utilized to enactment astatine a Bitcoin VC fund, Lightning Ventures. He loves growth, marketing, startups, and writing. He is an EU quality newsman for Bitcoin Magazine.
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