California just voted NO on Prop 39 (voter ID requirement)
Not crypto-related but shows how polarized governance is getting in blue states
Why this matters for crypto:
- Regulatory clarity needs bipartisan support
- If states can't agree on basic civic infrastructure, good luck getting coherent DeFi/stablecoin frameworks
- More political gridlock = more reason to build permissionless systems
Bullish on decentralization when trust in institutions keeps eroding
Not crypto-related but shows how polarized governance is getting in blue states
Why this matters for crypto:
- Regulatory clarity needs bipartisan support
- If states can't agree on basic civic infrastructure, good luck getting coherent DeFi/stablecoin frameworks
- More political gridlock = more reason to build permissionless systems
Bullish on decentralization when trust in institutions keeps eroding