The Brexit-inspired plan aims to make California a separate country from the United States. The people behind the plan now want to create cryptocurrencies as the economic foundation of the proposed state.

The movement is called the California Yes, although it is known as the Calixit Movement. The group recently hired a blockchain expert named Alastair Caithness to analyze how an economy powered by digital assets like bitcoin (BTC) is being used to provide universal basic income, or UBI, for citizens.

Caithness praised the idea of ​​a future economy based on cryptography, which he believes could “fund the level of free health care, free education, and a form of basic income” on a scale never seen before. He went on to say that Californians “fought for economic freedom” within the financial system established by the US federal government.

The Scottish National Caithness of San Diego also stated that people investing in land and real estate through cryptocurrency transactions can help increase the proposed realization of the global basic income.

Marcus Ruiz Evans, president of Yes California, also supports these independence measures. He claims California is “the fifth largest economy in the world,” praising Caithness’s advice on using cryptocurrencies, saying, “People need help, especially right now, and the government is struggling to find any help.”

He continued:

“It is also gratifying to have a Scotsman who now lives in California participating in our project as the California Sovereign State Model was developed based on the Scottish Independence Guidelines.”

According to Yes California, the state government agreed to file a public petition in favor of Caleksit this year. They state that a possible formal vote could take place by 2024.

The California Senate Committee on Banking and Financial Institutions recently passed legislation that will define digital assets and measure their impact on government and consumer protection.

Source: CoinTelegraph