Deputy Head Tim Walz of Huobi: Speaks Chinese, does not invest, what are his views on the cryptocurrency industry?

U.S. Vice President Kamala Harris has chosen Minnesota Governor Tim Walz as her running mate, elevating the former teacher and Army National Guard veteran to join the Democratic ticket to bolster support in the Midwest region of the United States.

Background of Tim Walz

According to CNN, Walz, a former educator, is currently serving his second term as the Governor of Minnesota and chairs the Democratic Governors Association. He previously served in Congress for 12 years, representing a predominantly conservative rural district that was Republican-led before and after his tenure.

Prior to his congressional career, Walz was a high school teacher and football coach, and served in the Army National Guard, achieving the rank of Command Sergeant Major, one of the highest ranks enlisted personnel can attain. During his over a decade in Congress, his voting record was fairly moderate. As a first-time candidate, he opposed banning same-sex marriage and supported abortion rights. Once in Congress, he balanced this with a relatively more conservative stance on gun rights, earning recognition from the National Rifle Association. Subsequently, Walz lost favor with gun lobbying groups for supporting gun safety measures as governor.

Visited China 30 times, even speaks Chinese

As reported by CommonWealth Magazine, Walz was among the first group of teachers approved by the U.S. government to teach in China. It was in 1989, the year of the tragic Tiananmen Square incident. Walz has expressed his honor in working in China and admiration for the Chinese people's spirit, saying, "They are very proud of their country but also aware that freedom must be upheld."

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He has visited China no less than 30 times, and even after his teaching stint in China, he led American high school students on cultural exchanges in China, a program that continued until 2003.

No stocks or cryptocurrencies

According to Axios, Tim Walz and his wife do not hold any stocks, including funds, bonds, private equity, or cryptocurrencies. Their only investment assets seem to be through retirement funds, including teacher retirement funds.

This is also reflected in some of the actions Walz took during his time in Congress, such as introducing the "Stock Act," aimed at curbing insider trading by members of Congress and other federal employees. As governor, he signed a 1% surtax on capital gains and other net investment income over $1 million.

Tim Walz's stance on cryptocurrency

According to CoinDesk, Walz has not made any public statements on cryptocurrency during his tenure, although he did receive and subsequently return a $4,000 donation from former FTX engineering director Nishad Singh in the 2022 election.

Walz signed the Minnesota New Cryptocurrency Law in August this year, setting a daily withdrawal limit of $2,000 for new cryptocurrency ATM customers and providing fraud protection.