NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Senate Candidate Austin Peterson Accepting BTC for Campaign

Rick Delafont
Rick Delafont
4 years ago
3 mins read
bitcoin foundation suspends elections. newbstc bitcoin news

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Austin Peterson, U.S. Senate candidate for Missouri, has announced that he will be giving his supporters the option to donate to his campaign using Bitcoin. Branding himself as the “opt out” candidate, he believes that voluntary participation should underpin any government service. This extends to Social Security, Obamacare, and also to fiat currency apparently.

Being a former Libertarian presidential candidate, Peterson aims to highlight his stance on big government and oppressive regulation by accepting the world’s most popular cryptocurrency. “You get a choice,” he was reported as saying. “Opt out of the U.S. dollar.”

“Bitcoin is one of those issues that has actually got a huge community. I mean there are bitcoin millionaires out there. And we might be able to tap into that market because there will probably be no other candidates who will be better on that issue. I really would like to see a degregulation on monetary policy.”

As one of his ultimate ideological goals, the Missouri candidate seeks for the “complete and total abolition” of the Federal Reserve – a sentiment which echoes many of the earliest adopters of cryptocurrency’s political principles. Peterson firmly believes that money should not be a creation of the government but rather one of the marketplace. He argues that if decentralization is good for markets, why can this principle not extend to money too?

At a minimum I would like to introduce legalisation that would decentralise the monetary unit, the dollar, in such a way as to legalise competition: Gold, silver and cryptocurrencies, so that they can compete. That would cause a spike in the prices.”

The controversial politician has made a name for himself by taking his political message to the extreme. A recent publicity stunt saw him facing a thirty-day ban from Facebook for live streaming a competition in which the prize was an AR-15 rifle. He claimed that it was a political action that sought to draw attention to Democratic Senator Clair McCaskill’s support for a ban on all assault weapons.

The self-proclaimed “Bitcoin candidate” isn’t the first high-profile politician to accept cryptocurrency donations. Famously, Republican Senator Rand Paul in his 2016 presidential campaign also allowed funding using the payment method. It was of course much less widely known and enjoyed significantly lower circulation than it does today.

This is reflected by the different limits imposed on cryptocurrency donations from each of the two politicians. Peterson has enabled his campaign to receive up to $10,000 per day from multiple donors, whilst the Federal Election Commission limits individual contributors to $2,700 and multi-candidate PACs to $5,000. This contrasts with the campaign of Paul who capped contributions to just $100.

Another interesting difference between the two campaigns relates to anonymity and transparency. Back in 2015/16, it was largely considered by the media that anarcho-types would seek to hide their support of various anti-system candidates using cryptocurrency. However, many today tout the payment method as being the ultimate in transparent funding. Every Bitcoin can, of course, be traced back to the original genesis block, highlighted by the federal agents who were able to build evidence against Ross Ulbricht, the mastermind behind the original darkweb marketplace — SilkRoad. FBI agent Ilhwan Yum said, “I didn’t do any complicated analysis” when following DreadPirateRoberts’s crypto-paper trail which eventually led to his arrest.

Bitcoin acceptance in political rallies and election campaigns show that the politicians are increasingly becoming open to the use of Bitcoin and other cryptocurrencies, which could bear a positive effect over the government policies and regulations once they get into power.

Tweet123Share196ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

Bitcoin has held steady around the $108,000 price level in recent days. After bouncing back from a brief pullback near...

Scott Matherson 10 hours ago
Bitcoin

No Need To Panic, Bitcoin’s Peak Still Coming In October 2025 – Analyst

Bitcoin prices dipped by 0.93% in the last day after the premier cryptocurrency suffered another price rejection in the $110,000...

Semilore Faleti 11 hours ago
Litecoin

Litecoin Fate Tied To Bitcoin – Will $96 Resistance Crack?

In a recent X post, CryptoWzrd highlighted that Litecoin (LTC) closed the day on a slightly bearish note. He explained...

Godspower Owie 13 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

DOGE

DOGE Bulls Hold The Line At $0.15 — Is The Rally Still Alive?

Semilore Faleti 2 hours ago
Top crypto analist: het ideale Dogecoin koopmoment voor kans op 200% rally

Top crypto analist: het ideale Dogecoin koopmoment voor kans op 200% rally

Lars Diederiksen 3 hours ago
Ethereum Wyckoff Accumulation Hints At Explosive Q3 – $4K Level In Sight

Ethereum Wyckoff Accumulation Hints At Explosive Q3 – $4K Level In Sight

Sebastian Villafuerte 3 hours ago

Premium Sponsors

Press Releases

  • Cryptocurrency is the best way to get rich quickly, easily...

    8 hours ago
  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    16 hours ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaÅ¡a XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    20 hours ago
  • 3 altcoina koje vrijedi pratiti u prvom tjednu srpnja 2025

    20 hours ago
  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.