The “Silicon Beach” wants to make sure Bitcoin has a place there, with help from a blue-collar-oriented nonprofit.
The City of Santa Monica, California, has created a Bitcoin Office to provide education, identify economic opportunities and solidify the city’s position as a hub of Bitcoin innovation. The office is working closely with Proof of Workforce, a nonprofit organization focused on Bitcoin education for the workforce, unions and pension funds.
The new city office was created by unanimous vote of the Santa Monica city council on July 11. The office’s webpage appeared on the city’s website on the evening of Aug. 8. Although the office’s webpage does not suggest any concrete measures, the city will host a Bitcoin festival in October.
The Santa Monica Bitcoin Office is “an education-based community initiative coordinated by the Proof of Workforce Foundation (Not Financial Advice),” according to its X profile. The office’s webpage contains a lengthy disclaimer warning readers of the risks of cryptocurrency investment. It specified:
