The City of Santa Monica has officially launched a Bitcoin Office to enhance education and explore economic opportunities related to Bitcoin, further positioning itself as a leader in crypto innovation.
The initiative, approved unanimously by the Santa Monica City Council on July 11, was introduced to the public with the launch of its official webpage on Aug. 8.
The office is part of a collaboration with Proof of Workforce, a nonprofit dedicated to providing Bitcoin education to the workforce, unions, and pension funds.
The Bitcoin Office’s primary goals include educating the local community, exploring potential partnerships that could boost the city’s economic recovery, and identifying career opportunities related to Bitcoin for residents and students.
While the initiative has garnered excitement, it has also raised concerns among some city officials. Council members discussed the potential legal and financial risks associated with promoting Bitcoin, ensuring that appropriate disc
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