Bloomberg Businessweek

Bitcoin’s Candidate For Congress

Political newcomer Brian Forde has dazzled marquee crypto investors, who hope he can be the Washington friend they desperately need

Over the past year, Bitcoin’s meteoric rise—and recent plunge—has captivated the financial world. The political world? Not so much. Washington remains stubbornly ignorant of cryptocurrency and blockchain technology. But that may soon change. A roster of prominent crypto investors has piled in to support a first-time Democratic congressional candidate, Brian Forde, who’s looking to unseat the incumbent Republican in a pivotal Orange County, Calif., race that could determine which party controls the House of Representatives after November’s midterm elections.

Forde’s appeal isn’t hard to discern. Before running for Congress, the 37-year-old coder was director of digital currency at MIT’s Media Lab and a technology adviser in Barack Obama’s White House. Forde says his tech and business background is a good match for California’s 45th District, an historically GOP area currently represented by Republican Mimi Walters, but one whose well-educated, minority-rich populace also chose Hillary Clinton over Donald Trump by 5 percentage points. “Tech is one

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek4 min readPolitics
Wall Street And Democrats Are Still Friends
In February, Pete Buttigieg stepped into the Manhattan office of Wall Street veteran Charles Myers to talk politics over deli sandwiches. Citigroup Inc. Managing Director Yann Coatanlem hosted a fundraiser in March for Kamala Harris at his Fifth Aven
Bloomberg Businessweek3 min read
England 4, Brexit 0 (With Foreign Help)
The finalists in Europe’s two top soccer tournaments are English. The coaches and many players aren’t
Bloomberg Businessweek4 min readPolitics
The U.S. Tries To Delete Huawei
Bluster is a key weapon in the trade war between the U.S. and China. So it’s natural to want to dismiss the latest salvo—a U.S. Department of Commerce ban on doing business with Chinese national champion technology company Huawei—as another short-ter