Key Takeaways:
- Dom Bei, a Bitcoin advocate, is running for a CalPERS board seat.
- His election could bring Bitcoin strategies to public pension funds.
- Momentum for Bitcoin adoption is growing across U.S. government levels.
California legislators have endorsed Dom Bei, a firefighter and founder of a Bitcoin nonprofit, in his campaign for a seat on the California Public Employees' Retirement System (CalPERS) board.
If elected, Bei would become the first openly pro-Bitcoin voice on the 13-member board overseeing the $500 billion pension fund, which serves over two million public sector retirees.
Firefighter & Bitcoin Educator Dom Bei Seeks Seat on CalPERS Pension Board
Bei, a 16-year veteran firefighter, founded Proof of Workforce, a nonprofit focused on Bitcoin education for workers, unions, and pension funds.
He has been involved in pension policy through his previous role on Santa Monica's pension advisory board and as a leader in the city's firefighters union, where he became one of the first members to hold Bitcoin.
His advocacy for Bitcoin has gained him support from many public figures, including California State Senator Ben Allen, Tony Vazquez of the California Board of Equalization, Santa Monica Mayor Lana Negrete, and Vancouver Mayor Ken Sim.
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