TLDR
- Adam Draper endorsed Ian Calderon for California governor, praising his Bitcoin stance.
- Ian Calderon plans to let California hold Bitcoin as part of its state balance sheet.
- Calderon’s campaign focuses on digital finance, innovation, and modern governance.
- Katie Porter’s recent controversy reshaped the California governor race dynamics.
Venture capitalist Adam Draper has publicly endorsed California gubernatorial candidate Ian Calderon, praising his strong support for cryptocurrency. Draper, known for his early investments in Bitcoin and blockchain startups, announced on social media, calling Calderon “a forward-thinking leader ready to bring innovation to California.” The endorsement quickly drew attention from the state’s tech and digital asset communities.
Pro-Bitcoin Democrat Gains Momentum
Ian Calderon, a Democrat and former Majority Leader of the California State Assembly, has taken an unusual position for his party by openly backing cryptocurrency adoption. His campaign focuses on modernizing state financial systems and integrating digital assets into public policy. Calderon stated in a recent campaign video, “My generation pays bills on our phones. We send money to each other with Venmo. We save in Bitcoin.”
Calderon’s stance contrasts with many of his Democratic peers, especially those aligned with the progressive wing, who have often expressed caution toward cryptocurrencies. He has proposed allowing California to hold Bitcoin on its balance sheet, joining a growing number of U.S. states exploring digital assets as part of their reserves. Supporters believe this policy could attract new investment and strengthen California’s technology-driven economy.
Adam Draper’s Influence in the Crypto Space
Adam Draper, the founder of Boost VC and part of the well-known Draper venture capital family, has long been an advocate for blockchain innovation. His firm has funded numerous cryptocurrency and fintech startups over the past decade. Draper’s endorsement carries weight in Silicon Valley, where his family name is synonymous with early-stage tech investment.
By backing Calderon, Draper signaled growing interest among investors in bringing crypto-friendly leadership to state politics. His post described Calderon as a candidate who “understands the digital future and the role Bitcoin will play in it.” The endorsement also sparked discussions among venture capital and technology leaders who view the upcoming election as pivotal for California’s position in the global digital economy.
A Competitive Race for Governor
Calderon’s entry into the race comes amid a crowded Democratic field. His campaign launch last month introduced him as a new-generation candidate focused on innovation, small business, and responsible technology policy. While his pro-Bitcoin platform has attracted attention, he faces stiff competition from more established political figures.
Former U.S. Representative Katie Porter was widely viewed as the frontrunner until recent controversies damaged her standing. Viral videos showing Porter cutting short an interview and reprimanding her staff led to a sharp drop in her betting market odds. The incident reshaped the race, opening opportunities for other Democratic contenders, including Calderon, to gain traction among voters.
Crypto and Policy in California’s Future
Calderon’s proposal to include Bitcoin in California’s balance sheet has sparked both curiosity and debate. Some analysts argue that such a move could diversify the state’s assets and attract technology companies, while others warn of volatility risks. Calderon maintains that digital currencies represent the next step in financial modernization and that California should lead rather than follow.
As campaign season intensifies, the link between technology, finance, and politics continues to deepen. Draper’s endorsement places the intersection of cryptocurrency and governance in the public spotlight, setting the stage for a race that may redefine how the state approaches digital innovation and economic growth.
