-
Wyoming Highway Patrol Association partners up with Proof of Workforce in order to explore Bitcoin adoption.
-
The “Get Off Zero Initiative” educates WHPA Members on Bitcoin’s benefits.
-
Wyoming is advancing Bitcoin adoption through a strategic reserve law and Senator Cynthia Lummis’ support.
The Wyoming Highway Patrol Association is considering adding Bitcoin as a part of its balance sheet. This would make the Wyoming Highway Patrol Association the first U.S. Law Enforcement Association to do so. The WHPA and Proof of Workforce have partnered on a “Get Off Zero” educational initiative.
“Get Off Zero” is a campaign to educate organizations on the potential benefits of Bitcoin. WHPA members can learn more about the digital asset eco-system. This partnership marks a significant step towards exploring how Wyoming Highway Patrol Bitcoins could function.
Proof of Workforce Education and Bitcoin
Proof of Workforce is a project started by firefighter Dom Bei that offers free Bitcoin education for workers, unions and pension funds.
They helped Santa Monica Firefighters to become the first U.S. Union to hold Bitcoin directly. They’ve worked with unions all over the world, hosted Bitcoin forums for the Wisconsin Retirement System and helped Santa Monica establish the first U.S. Municipal Bitcoin Office.
Austin Bluemel, Vice-President of the WHPA stated that the organization was excited to explore Bitcoin as a network as well as a possible asset to better support its goal of enhancing highway security.
Related to:SEC Memo Hester Peirce explores Meme Coin Regulation Limits
Wyoming’s Pro Bitcoin Stance
Wyoming has already made strides towards embracing Bitcoin, despite the fact that adoption is still growing.
The state has recently introduced a bill allowing up 3% of funds to be allocated for Bitcoin investments.
Other states such as Arizona, Texas and New Mexico have also introduced similar legislation to incorporate Bitcoin in their financial reserves. Utah is the only state that has successfully passed a Bitcoin Reserve Bill through the House.
Related:Silicon Valley power shifts U.S. policy under Trump, sparking new alliances
The WHPA decision, as the first US law-enforcement association to possibly hold Bitcoin on its balance sheets, could pave way for other government and law-enforcement entities to integrate digital assets in their financial operations.
Cynthia Lummis expressed her support of the initiative. She is a Wyoming Senator who is also a Bitcoin advocate. She wrote on social media: “This is so awesome.” This stuff is designed to give Americans the tools they need to protect and realize the full value of all their hard work, sweat, and tears. I love to see Wyoming citizens, who protect us from harm, protected by Bitcoin. That’s freedom-focused innovation.”
This site is for entertainment only. Click here to read more