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California Senator endorses Bitcoiner for seat on

$500b pension fund board

California State Senator Ben Allen is eyeing further pro-crypto representation with an endorsement of Dom Bei for election to the board of California’s public pension fund.

Bei is the founder of Proof of Workforce, a Bitcoin Bitcoin

btc

-1.13%

Bitcoin non-profit focused on promoting BTC adoption via educational initiatives targeting workers, unions and pension funds. He is in the race to join the California Public Employees’ Retirement System, CalPERS, as a board member.

Notably, CalPERS is the largest public pension fund in the United States with over $500 billion and serves more than 2 million public retirement system members. CalPERS manages the retirement assets of California’s police department, firefighters and teachers among others.

The pension fund also counts over 1.5 million individuals as members of its health program.$BTC $ETH $BNB