Austin Petersen, a Republican Senate candidate, just recently shared that he has been given the biggest federal election campaign contribution to be delivered in the form of cryptocurrency so far. Petersen, previously a Libertarian, has been gifted 24 digital currency donations this year, with the biggest one equaling 0.284 BTC, which is worth $4,500 USD. Petersen’s campaign utilizes the services of the Atlanta based processor, Bitpay, to facilitate the donation transactions.
Now a Republican, Petersen is currently running for a Senate seat in Missouri and has been accepting Bitcoin donations to help make it happen. Back in 2016, Petersen was the runner-up for the Libertarian Party’s nomination for the U.S. Presidency. He is popular among the younger group of voters for his love of Bitcoin and for giving away an AR-15 rifle in a raffle. Last December, the 36-year old explained in an interview, “I am a big fan of the digital currency community because of what it represents, which is ultimately decentralization.”
When questioned about the recent digital currency donation, Jeff Carson, the campaign manager, shared, “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.
Back in September, Petersen explained that he would like to see the deregulation of the monetary policy. The candidate also said that he would like to see the end of the private banking system, the U.S. Federal Reserve.
Petersen went on to share, “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.”
This is not the first time that U.S. Bureaucrats have accepted digital currency donations. Petersen follows several others, such as Jared Polis. In 2014, the Coloradan Democrat was gifted Bitcoin for his campaign, and Rand Paul, a Republican Senator from Kentucky, accepted virtual money for his run for President of the United States.