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Senate Candidate Receives Largest Bitcoin Contribution in US History

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Republican Austin Petersen is angling for a seat in the Senate in the state and is accepting bitcoin donations to get there.

Petersen finished as the runner-up in 2016 for the Libertarian Party’s nomination for President of the United States. The Missouri candidate has garnered a reputation amongst younger voters for loving bitcoin and giving away an AR-15 rifle in a raffle.

Just this December, the 36-year old remarked in an interview:

“I am a big fan of the digital currency community because of what it represents, which is ultimately decentralization.”

The Federal Election Commission’s records uncovered that Petersen has received the largest digital currency donation in United States history — 0.284 BTC or $4,500 USD at the time of donation.

Petersen has also gotten 24 total election contributions in the popular cryptocurrency, and his campaign makes use of the Atlanta-based processor Bitpay to facilitate donations.

Asked about the massive BTC donation, Petersen’s campaign manager, Jeff Carson, was quoted as saying:

“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.”

Petersen outlined last September that he would like to see “deregulation on monetary policy.” In addition, the candidate also said he would like to see the closure 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,” said Petersen.

Petersen is one of several other U.S. bureaucrats who’ve embraced the bitcoin revolution and has received crypto donations in the past.

In 2014, the Coloradan Democrat Jared Polis got BTC for his campaign. The libertarian-leaning Republican Senator from Kentucky, Rand Paul, also accepted crypto for his run for the presidency in 2016.

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