Santa Monica Sets Up Bitcoin Office to Educate the Public and Explore Economic Opportunities
- WBOYOriginal
- 2024-08-12 12:32:26434browse
YEREVAN (CoinChapter.com) — Santa Monica, California, has set up a Bitcoin Office to educate the public and explore economic opportunities.
Santa Monica, CA, has officially established a Bitcoin Office to spearhead public education and explore economically viable opportunities within the Bitcoin domain. The initiative gained unanimous approval from the Santa Monica City Council on July 11, paving the way for the new office's genesis. Its primary mandate is to bolster Santa Monica's standing within the Bitcoin industry. The office's presence on the city's website was noted on August 8.
Crucially, the Bitcoin Office maintains close ties with the Proof of Workforce Foundation, a non-profit organization dedicated to advancing Bitcoin literacy among workers, unions, and pension funds. Together, they aim to harness Bitcoin's potential in driving Santa Monica's economic recovery and creating new employment opportunities.
A New Office to Educate and Empower the Community through Bitcoin
The Santa Monica BTC Office places great emphasis on educating the public about Bitcoin. In line with this goal, the office's official website provides a wealth of resources to help residents understand Bitcoin and the inherent risks associated with cryptocurrency investments.
To further support its educational mission, the office actively seeks partnerships within the BTC industry. These collaborations aim to bolster Santa Monica's economic recovery and generate new jobs.
The office's website includes a disclaimer highlighting the risks of cryptocurrency investment, underscoring its educational mandate.
This initiative is spearheaded by the Proof of Workforce Foundation, a non-profit organization founded in 2023 by Santa Monica firefighter and former union president Dominick Bei. As a 501(c)(4) non-profit, the foundation plays a pivotal role in advancing Bitcoin literacy among workers and unions.
Santa Monica Reschedules Bitcoin Fest as Peer-to-Peer Event
Santa Monica is preparing to host a Bitcoin-themed event, dubbed the BTC Peer to Pier Festival, which is slated to take place on October 18. This event is believed to be linked to the earlier planned Pacific Bitcoin Festival, with Swan Bitcoin serving as the main sponsor. However, on August 5, Swan Bitcoin announced the cancellation of the larger festival due to staff downsizing. As a result, a smaller event will be held on October 17, followed by Santa Monica's festival on October 18.
The Bitcoin Peer to Pier Festival is part of the city's broader effort to engage with the Bitcoin community and promote the new BTC Office.
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