Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
The municipal pension plan of Jersey City, New Jersey, will soon invest in bitcoin via exchange-traded funds, according to a Thursday social media post from Mayor Steven Fulop.
As a Pension Embraces Bitcoin, Hope Grows for Cryptocurrency's Long-Term Prospects Even Among Conservative Pros Fulop, a Democrat, has thrown his hat into the ring for New Jersey’s 2025 gubernatorial election. Incumbent Governor Phil Murphy, also a Democrat, has already served two terms and is ineligible for reelection.
“I’ve been a long time believer in crypto but roadly, beyond crypto do believe blockchain is amongst the most important new technology innovations since the internet,” Fulop said.Wisconsin’s public pension plan – the State of Wisconsin Investment Board, which has roughly $156 billion in assets under management – is the biggest pension plan to dive into crypto so far, with a $160 million investment into spot bitcoin ETFs earlier this year.
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