If Timothy Ursich Jr. gets elected to the United States Senate to represent California, he has promised to draft a bill proposing Dogecoin as an official payment option. He also believes that the biggest cryptocurrencies – bitcoin and ether – are two of the strongest tools for combating present galloping inflation.
On June 7, a special election for the United States Senate will be held in California. One of the candidates, Dr. Timothy Ursich of the Democratic Party, was revealed to be a bitcoin supporter.
In a recent tweet, the 37-year-old congressman stated that he would introduce legislation to make Dogecoin legal tender. To achieve this, he enlisted the services of software developer Billy Markus (the memecoin’s Co-Founder) and Elon Musk, the world’s richest person (an outspoken supporter of the asset).
Since El Salvador and the Central African Republic approved bitcoin in 2021 and earlier this year, bitcoin is the only digital asset utilized as an official payment method.
Ursich also believes that crypto could be an effective hedge against the United States’ unprecedented inflation. Assets having a limited supply and high acceptance, such as bitcoin, could meet the description, according to him. Despite the lack of a maximum ceiling, the politician argued that, like BTC, ETH could be used as such an instrument.