Senate Candidate Accepts Largest Contribution in BTC



Senate Candidate Accepts Largest Contribution in BTC


This week the Republican Senate candidate Austin Petersen announced he accepted the largest federal election campaign contribution settled in digital currency. Petersen, a former Libertarian, has received a total of 24 cryptocurrency donations this year, and the largest was for 0.284 BTC ($4,500 USD).

The Largest Cryptocurrency Campaign Donation



I think it goes without saying we’re going to see a lot more of this in terms of campaign contributions and campaign financing — Austin is personally a fan of competition in the marketplace, even when it comes to our currency — With the rise of cryptocurrencies like bitcoin, it was a no-brainer.

Austin Petersen Accepts the Largest Campaign Contribution Paid In BTC

Gold, Silver, Cryptocurrencies and Ending the Fed

Petersen detailed last September that he would like to see “deregulation on monetary policy.” Further, the candidate added he would like to see the abolition of the private banking system the U.S. Federal Reserve.
“But barring that, at a minimum, I would like to introduce legislation that would decentralize the monetary unit, the dollar, in such a way as to legalize competition: Gold, silver, and cryptocurrencies, so that they can compete — That would cause a spike in the prices,” Petersen explains.
The contender follows other U.S. bureaucrats who’ve accepted bitcoin donations in the past. Back in 2014, the Coloradan Democrat Jared Polis received BTC for his campaign. The libertarian-leaning Republican Senator from Kentucky, Rand Paul, accepted crypto for his presidential run in 2016.
What do you think about Austin Petersen’s campaign donation? Do you envision digital currencies being used more often to fund politicians running for office? Let us know what you think about this story in the comment section below.
Images via Endthefed.org, Austin Petersen, Twitter, and the Kansas City Star.

Comments

Post a Comment

Popular posts from this blog

Virtual Prepaid Cards for Online payments

Image
Virtual Prepaid Cards for Online payments  I am using in some virtual cards because virtual is more easily,fast and short waiting time than plastic. this post will be useful who need easily and urgent payments at online. 1. Entropay.com (USD) - Virtual Card Entropay is best virtual card service since 2010 and most of the website accept their cards and securities is best. Good facts : Most of the websites accept their card Load by Bank Transfer and Credit/Debit Card no need to verify for $500 limit amounts. Card creation is instant.  Bad facts : they don't accept ecurrencies including bitcoin Some countries restrict for creating card Bank account and Credit Card need to verify. Mean you can't create different entrypay account. Card creation will complete by first time loading. 2. prepaidcloud.tech (USD/Crypto)- Virtual Card prepaidcloud.tech is one of the ecurreny virtual debit card which connect with astropay card vendor serivice (not wave crest) .
Read more

Bitcoin Exchanges

Image
Bitcoin Exchanges Bitcoin can be swapped at any cryptocurrency exchange for traditional currencies like Dollars, Euros or Renminbi. There are two types of cryptocurrency exchanges, regular and peer-to-peer. Regular Bitcoin Exchanges These are marketplace platforms, owned by third parties (intermediaries). You deal only with the Platform; it executes your transaction in the open market and a service fee is payable. How do regular bitcoin exchanges work? register - credible platforms require personal, online verification. fund your Bitcoin wallet – transfer Bitcoin in, or link your fiat bank account and purchase Bitcoin. trade Bitcoin – enter a buy/sell order on the platform; it updates the exchange’s common ledger called the order book ; your order gets matched and your Bitcoin wallet adjusts automatically. A service fee is charged. What are the key benefits of working through a regular bitcoin exchange? goodwill – you can verify an exchange’s cre
Read more