Ah, the illustrious California State Senator Ben Allen, ever the visionary, has set his sights on a rather audacious venture: endorsing the charmingly ambitious Dom Bei for a coveted seat on the board of California’s public pension fund. One can only imagine the delightful soirées that will ensue! 🎉
Now, dear reader, allow me to introduce Mr. Bei, the founder of Proof of Workforce—a non-profit dedicated to the noble cause of Bitcoin (BTC) adoption. His mission? To enlighten the masses, particularly workers, unions, and pension funds, about the wonders of our digital currency. Quite the modern-day crusader, wouldn’t you agree? 🏰
But let’s not forget, CalPERS, the grandest of public pension funds in the United States, boasts a staggering $500 billion in assets and caters to over 2 million public retirement system members. Yes, it manages the retirement dreams of California’s finest: police officers, firefighters, and teachers. A veritable treasure trove of responsibility! 💰
And what’s this? Over 1.5 million individuals are also part of its health program. One can only hope they’re not too stressed out by the prospect of a Bitcoin enthusiast on the board! 😅
The CalPERS board of trustees is a rather exclusive club of 13 members. Should Senator Allen’s endorsement bear fruit, we might just witness the delightful spectacle of Bei becoming the first Bitcoin advocate to grace this illustrious assembly. How positively thrilling! 🎩
“I’ve dedicated over a decade to championing workers and wage-earners. Now, I’m running for CalPERS Board of Trustees to protect our nation’s largest public pension, serving 2M+ participants,” Bei proclaimed on X, with all the fervor of a man on a mission. 📢
Our intrepid candidate, a former firefighter, has previously graced the advisory board of the Santa Monica pension fund. His pro-Bitcoin rhetoric has garnered support from a veritable who’s who of industry players. It’s like a crypto-themed gala, and everyone’s invited! 🎊
Observers are abuzz, suggesting that Bei’s election to CalPERS could be pivotal in the grand scheme of Bitcoin adoption across pensions and public sector platforms. With his experience and a Bitcoin wallet that surely sparkles, he might just lead the largest pension fund in the U.S. to explore the tantalizing world of digital assets. How avant-garde! 💎
In addition to Senator Allen, Bei has charmed more than a dozen state legislators into endorsing him. The mayor of Santa Monica, Lana Negrete, and California treasurer candidate Tony Vazquez have also thrown their hats into the ring, singing his praises. Meanwhile, the ever-enthusiastic Anthony Pompliano, founder and CEO of Professional Capital Management, has joined the chorus of support. Bravo! 👏
As we look to 2024, several pension and endowment funds have begun to disclose their flirtations with Bitcoin, all thanks to the Securities and Exchange Commission’s rather timely approval of the first spot BTC exchange-traded funds. It seems the world of finance is in for a delightful shake-up! 🍸
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2025-03-12 18:57