• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
No Result
View All Result
NewsBTC
No Result
View All Result
Nexo Logo

Ex WWE Wrestler Kane, Now Knox County Mayor, Looking Into Bitcoin and Litecoin

Samuel Wan by Samuel Wan
1 year ago
in Bitcoin
Reading Time: 2 mins read
Advertisement

As mayor of Knox County, Tennessee, former wrestler Glen Jacob, stage name Kane, is looking into Bitcoin and Litecoin to help his municipality.

Since Q4 2020, several high-profile mainstream public companies, including Tesla, have invested in cryptocurrency. But municipalities doing the same are thin on the ground. Does Jacob’s interest signal a change in that?

Is Bitcoin The Answer to Balancing The County Books?

Performers who turned politicians are not an infrequent affair. Prominent figures that did so include Ronald Reagan, Arnold Schwarzenegger, and Jerry Springer.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Since retiring from the WWE, Jacob announced his intent to run for the mayorship of Knox County as a Republican. Following his 66% – 34% win over Democratic opponent Linda Haney, he took office in August 2018.

Jacob advocates for more personal responsibility and less government intervention. An example of this was his response to the mask mandate, in which he said people should be free to decide for themselves. At the same time, he called out the terrible government overreach the mandate represents.

“I worry that one-size-fits-all mandates such as this set a terrible precedent for government overreach, are difficult to enforce, can cause conflict between the authorities and the public when enforced, and, as written, this order places enforcement responsibilities on private businesses.”

He recently tweeted about a meeting he had discussing Bitcoin and Litecoin. In attendance was the Litecoin Foundation Project Director, David Schwartz.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

At this stage, it’s unknown how, or even if, Knox County will utilize cryptocurrency. Only that Jacob is excited about the future. He also referenced crypto mining in his tweet.

I had a great meeting today with @DaddyCool1991 and @SatoshiSouth to talk about #BTC #LTC. With our innovative economy and mining already happening on a large scale, the future is exciting!

— Glenn Jacobs (@GlennJacobsTN) April 20, 2021

Tennesse made the list of top five states for Bitcoin mining due to its cheap electricity. Mining firm Bitmain also has a presence there.

Miami Plans to Become a Crypto Hub

While it’s still early days for Knox County, under the leadership of Mayor Francis Suarez, Miami has already laid out its plans to become the crypto capital of the world. Achieving this would require tech firms, in particular blockchain companies, to set up there.

Suarez said he’s in the process of changing the local regulatory framework to model Wyoming’s crypto-friendly approach to encourage this.

Local officials are also considering giving city workers the option to be paid in Bitcoin and for local fees and taxes to be paid in cryptocurrency. There is also talk about the city buying Bitcoin as a treasury strategy.

On his motivation for doing this, Suarez said:

“I think, more than anything, Bitcoin presents an opportunity. The cryptocurrency space as a whole is a rapidly growing industry and as of today, it doesn’t really have a “home.” I want to make Miami the “capitol of capital” and that includes Bitcoin.”

While few municipalities are jumping on the Bitcoin train, Jacob’s interest may signal burgeoning attention at the local level.

Bitcoin daily chart

Source: BTCUSD on TradingView.com
Tags: bitcoinbtcusdBTCUSDT
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Related Posts

Bitcoin

Bitcoin Coinbase Premium Gap Approaches Zero, Selloff Ending?

1 hour ago
bitcoin

Bitcoin May Not Reclaim All-Time High For Another Two Years, Binance CEO

21 hours ago
Bitcoin Whale

Bitcoin Whale Presence On Derivatives Still High, More Volatility Ahead?

1 day ago
crypto market extreme fear

Market Wallows In Extreme Fear As Bitcoin Struggles To Hold $20,000

1 day ago
bitcoin

Bitcoin Perpetual Open Interest Suggests Short Squeeze Led To Crash

2 days ago
Bitcoin

Bitcoin May Have Hit Bottom According to These Indicators, BTC Targets $23K?

2 days ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
BC.Game

BC.Game

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
BC.Game

BC.Game

Review · Visit

Will Xchange Monster (MXCH) and Decentraland (MANA) continue to push Gamefi to new heights?

June 25, 2022

Navigating The Crypto Crash Of 2022

June 25, 2022

Gnox (GNOX) Is Named One Of The Best Tokens For New Investors Making Their Way To DeFi, In Addition To Tron (TRX)

June 25, 2022

Gnox (GNOX) Sees Dramatic 63% Price Increase During Presale While Other Top Alts; Ethereum (ETH), Shiba Inu (SHIB) And Cardano (ADA) Signal Bullish Reversal

June 25, 2022

SpaceMine (MINE) Is Now Available for Trading on LBank Exchange

June 25, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.