Blockchain Friendly Governor Jared Polis Wants Colorado to Embrace Crypto

As the American mid-term elections finally come to an end, Colorado’s new blockchain-friendly governor Jared Polis wants the state to embrace crypto and its technological innovations.

Not only is Polis the first ever openly gay person to be elected governor, but is also a massive crypto advocate. So whether you are politically red or blue, if you are a crypto enthusiast from Colorado, it’s been a great day and you have won regardless.

Great News for American Crypto Fans

The crypto industry has been a major winner this week with not just the appointment of Polis but also Arizona’s David Schweikert who is also a blockchain supporter. The Governor of Texas, Greg Abbott, who had been accepting bitcoin donations to fund his campaign was also reelected to office.

The biggest news, however, is that Democrat Jared Polis is now the Governor of Colorado and has pledged to bring the state back to its roots as a major center for crypto and blockchain innovations and technology.

What makes Polis so popular with Coloradan natives is that he is different from your standard politician. While many elected members are career politicians and sometimes do not understand certain issues and especially blockchain technology,  Polis has previously founded three tech startups, so he understands the industry. Two of those companies went on to make hundreds of millions of dollars.

Polis Stands in Crypto’s Corner

You may remember when Polis co-chaired the Congressional Blockchain Caucus and took a swipe at the anti-bitcoin naysayers by jokingly creating a proposal that aimed to eradicate the US dollar.

Since running as a candidate for the governor job, Polis had stated that he intends to make Colorado a blockchain epicenter once more and help to develop a framework to regulate and foster blockchain technologies and innovations. When talking about his plans during his campaign, Polis said he wants to:

“Establish Colorado as a national hub for blockchain innovation in business and government.”

As the mid-term elections have proven to be a massive success for crypto-advocating politicians, the crypto space will pay close attention to how this evolves during the next round of elections.

Fidelity Digital Assets Gets Green Light to Offer Crypto Trading and Custody Services to institutions

Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, has obtained a trust company charter from the New York De+artment of Financial Services (NYDFS), allowing it to offer cryptocurrency trading and custody services to institutions in the state.

The limited-purpose charter the company received will see it join 22 other companies that have been approved for a charter or license by the regulator to engage in cryptocurrency-related business activities in the region.

In a blog post, Fidelity Digital Assets wrote:

We have experienced a high interest level from these firms and anticipate that their increased involvement in this industry would enable more activities and development across the spectrum.

The New York Times reports the company’s president, Tom Jessop, said during an interview demand for cryptocurrencies has been shifting since the company’s launch, as it is no2 seeing “strong demand and greater diversity of client types.” Per Jessop there are more traditional investors now, as when the firm started “it was crypto funds and hedge funds.”

As CryptoGlobe reported Fidelity Digital Assets’ Bitcoin custody services went live in March of this year, and already include a few noteworthy clients. One of them is Michael Novogratz’ Galaxy Digital, which recently launched two new bitcoin funds for institutional investors.

Jessop, the New York Times adds, has said Fidelity Digital Assets is planning to start offering its services for other cryptocurrencies over the next year, and is also considering opportunities outside of the United States.

Featured image via Pixabay.