News

Dogecoin proposed by US Senate candidate as currency

Timothy Ursich – the candidate running for the US Senate to represent the state of California announced that he would draft a bill that would make Dogecoin legal tender if he wins.

To accomplish that goal, Timothy Ursich called on the help of Dogecoin (DOGE) co-founder Billy Markus and the world’s richest billionaire Elon Musk, who has been known to be a strong DOGE advocate throughout the past year. . The special election of the United States Senate in California will take place on June 7.

Ursich also believes that cryptocurrencies could be a successful hedge against the record inflation that reigns in the States. According to him, assets with limited supply and strong adoption, such as Bitcoin (BTC), could fit this bill. Despite lacking a maximum cap, unlike BTC, the politician maintained that ETH could also work as such an instrument.

Timothy Ursich

However, before the somewhat “inviting” move from Timothy Ursich, founder Billy Markus was quick to respond frankly that he would not vote for Ursich. The answer came when a follower asked Billy Markus directly about the issue.

Even so, Timothy Ursich said he will not cancel his Dogecoin plan despite the lack of support from Billy Markus.

Now the person expected to answer Ursich’s request is none other than Elon Musk. If in the next few days, Tesla’s CEO officially speaks to help Ursich in the election, then surely the possibility of a wave of community focus on Dogecoin, causing the currency price to fluctuate wildly will happen.

At the time of writing, the price of DOGE is trading at $0.082, unchanged from yesterday, data from CoinCu.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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