Caroleene Dobson, the Republican nominee for Alabama's second congressional district election this fall, recently expressed support for and excitement about the future of cryptocurrency and blockchain technology in state and national applications.
Dobson, a brand-new face to the Alabama political scene, is gearing up to face Democratic nominee Shomari Figures for the newly-drawn Second Congressional District in November.
Bitcoin, cryptocurrency and blockchain technologies have swept through political circles in recently. The new technology has traditionally drawn the affection of Libertarians, who are highly critical of the nation’s reliance on the Federal Reserve and its fiat currency.
However, in recent years, Republican voters have paid more attention to cryptocurrency as fears grow over inflation, economic instability and a possible recession. Former President Donald Trump recently showed an interest in advancing cryptocurrency during a keynote speech at the Bitcoin 2024 conference on July 27. During the speech, Trump suggested that cryptocurrency could be a valuable tool for the government to invest in.
In an appearance on Montgomery radio's NewsTalk 93.1 “News and Views," Dobson expressed excitement at the possibilities offered by blockchain technology.
The interest in blockchain in Alabama led the popular crypto exchange to host a town hall in Montgomery on Wednesday evening, featuring advocates and state lawmakers to discuss the future of technology in Alabama. The event was held at Prevail Union Coffee in Montgomery, where Dobson expressed emphatic support.
It was great to help welcome @coinbase and @standwithcrypto to Alabama this afternoon to talk about the future of crypto in our state.
— Caroleene Dobson for Congress (@DobsonForAL) August 15, 2024
Now is the time to secure our country’s financial future by keeping financial innovation strong and growing here at home. pic.twitter.com/d4yATc5wRz
Dobson also praised Prevail as one of few locations in the city that accepts cryptocurrency at the register, boasting of her campaign’s similar policy allowing for crypto contributions.
“Prevail Union actually accepts payment by cryptocurrency now, and our campaign does as well,” Dobson said. “So if you’re interested, those of you listening, in donating to a campaign using cryptocurrency, check out our website.”
Dobson briefly opined the perceived benefits of cryptocurrency in Alabama communities and even suggested that tech could be used for more secure voting systems due to the incorruptible data transmission through the blockchain.
“I think that there’s a lot of potential application in rural areas too because of all of Biden’s regulations on the banking industry,” Dobson stated. “Unfortunately, you see a lot of community banks closing, so this could be an alternative.”
She continued, “You just look at the technology and when it comes to voting integrity, blockchain could really be the way of the future in ensuring election integrity.”
To connect with the author of this story or to comment, email craig.monger@1819news.com.
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