Press Releases 26 July 2018Press Releases
Modulus CEO Richard Gardner’s statement on Brad Sherman and #UnseatSherman2018
Since Congressman Brad Sherman (D-CA) took another opportunity to go after cryptocurrencies, calling for an outright ban of buying or mining cryptocurrencies, the community has shown they mean business — many have called for his removal, promoting #UnseatSherman2018. It doesn’t help that the congressman’s donor base hails from a credit card processing company, leaving some suggesting there is a conflict of interest.
However, while Sherman is on the ballot this year, the election is already set. California, his home state, uses a top-two primary system, where all the candidates are placed on the ballot, and the top two candidates, regardless of party, go on to square off on Election Day. Brad Sherman has an opponent, Republican Mark Reed. But, the district is rated as a Safe Democratic hold. In 2016, Hillary Clinton defeated Donald Trump in the district 69-26%. In order to draft a credible challenge, the opponent would almost certainly need to be a registered Democrat. For that, the community would need to wait until the 2020 election, and they would need to begin drafting a candidate for such a prospect nearly immediately.
Even still, it would be a hoist. According to his latest campaign filing, Sherman currently has $1.9MM in the bank. He has been in congress since 1997. To draft a credible candidate, those leading the charge for his ouster would need to promise well over a million dollars, probably much more. As for this year, Sherman’s current opponent, Mark Reed, ran the race against him in 2016 and lost 73-27%. He lost 65.5-34.5% in 2014. And, in 2017, when Reed ran for Los Angeles City Council in District 7, he didn’t make it out of the top-two primary. In fact, he finished in twelfth place with just over 1% of the vote. No, that’s not a typo. 1.26%.
Sherman will glide to re-election. A more prudent cause would be for promoters of the cause to take a gander at the bipartisan blockchain caucus. Some of the members of the blockchain caucus do face credible challenges. For example, embattled freshman congressman Greg Gianforte faces a tough re-election campaign. Currently, he lags behind his opponent in the polls. Those part of the blockchain caucus are already friends of the industry. Instead of attempting to influence an unwinnable race, those looking to make a difference politically should spend their resources wisely rather in a reactionary fashion.
CEO, Modulus Global
Since 1997, Modulus has provided advanced financial technology products and services to professional traders, brokerages, trading firms, and educational, governmental, and non-profit institutions throughout 94 countries. The company’s products and services reach millions of users around the world.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.
Press Releases 21 March 2019
UnitedCorp files opposition to dismiss in its suit alleging hijacking of the Bitcoin Cash Network by Bitmain Group, Bitcoin.com, Roger Ver, Jesse Powell, Kraken and Bitcoin ABC Developers
Company challenges Defendants to explain their actions under oath and will pursue discovery by way of deposition or under subpoena of the Defendants in the United States including Roger Ver, Amaury Sechet and Jihan Wu.
Press Releases 18 March 2019
Bitcoin SV Virtual Hackathon takes place May 4-5 as lead up to CoinGeek Conference Toronto
Bitcoin Association, the leading global organization for Bitcoin business, announces its first ever Bitcoin SV (BSV) Hackathon. This virtual hackathon will take place on May 4-5 and be open to participants worldwide.
Press Releases 14 March 2019
Isle of Man Blockchain Office and Sandbox are now open for applications
The Isle of Man Blockchain Office and Sandbox (first announced in February this year) are now open and are ready to receive joining applications.