The midterm elections in the US are coming up soon.
The agenda includes everything from the economy to the conflict between Russia and Ukraine. However, Bitcoin is also a topic of discussion in the Georgia governor's election.
Shane Hazel, a libertarian politician and prominent supporter of bitcoin, is running for governor of Georgia. In order to lessen the influence of the government over the world economy, he is well recognised for his support of the largest cryptocurrency.
According to Fox News 5, the contender for governor may garner enough support to force a run-off in the Georgia governor's election.
Election chances for Hazel
Individual freedom is the main component of Hazel's platform. Like every libertarian politician, he seeks to lessen government meddling in private affairs and taxation. In addition to legalising marijuana, he wants to abolish property and income taxes. He favours the widespread adoption of Bitcoin, which is consistent with his libertarian philosophy.
It is unlikely that the libertarian will prevail despite his claims. Only 2% of respondents in recent polls support his campaign. Brian Kemp, the incumbent governor of Georgia, is now in the lead with 50% of the vote, followed by Stacey Abrams, a Democrat, who has 45%. 3% of the population is still unsure.
Hazel can force a run-off with the election still a month away. To be declared the winner of an election in Georgia, a candidate must receive 50% plus one vote. In the event that no candidate passes this threshold, a runoff election featuring just two candidates is held. Hazel wants to have a say in the anticipated runoff.
Midterm Results' Effect on Crypto
The midterm elections are crucial for the cryptocurrency industry. According to the most recent sources, if the Democrats maintain control of the Senate, Secretary of the Treasury Janet Yellen may leave the Biden administration.
According to The Times, MPs might strive to boost the economy in the run-up to and following the election. The cryptocurrency market may experience a big rise in such a scenario.
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