Berkeley, CA Developing Own Cryptocurrency And Accompanying ICO

In attempts to establish more financial independence from the Trump administration, Berkeley, California is in the preliminary stages of launching its own cryptocurrency.
The coins would be backed by municipal bonds — a security that local governments issue in order to pay for public projects — and distributed using blockchain (the technology that underpins cryptocurrencies). Considering that cryptocurrencies are known for large price fluctuations, officials hope that this use of bon