[2018-08-09] Bitcoin-Friendly US Senate Candidate Defeated in Election

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: InvoKing on August 09, 2018, 03:49:13 PM

Unfortunate or not, the usage of cryptocurrencies shouldn't be decided by politicians nor bankers, people should force it.
Anyway, the article cite other politician holding Bitcoin too.

I agree, but at least we have someone inside that we know understands what bitcoin can really bring into the table. Anyway, I have read that he was forced to return the bitcoin donations he received due to "federal regulations governing campaign contributions."

(https://www.ccn.com/crypto-loving-us-senate-candidate-forced-to-return-130000-bitcoin-donation/)

Just to bad that we lost, he is a darkhorse in this election, but I believed that it will just be a matter of time before we can see pro-crypto in the US Senate.

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

Quote from: InvoKing on August 09, 2018, 03:49:13 PM

Unfortunate or not, the usage of cryptocurrencies shouldn't be decided by politicians nor bankers, people should force it.
Anyway, the article cite other politician holding Bitcoin too.

Sooner or later, politicians will get involved since it is a policy issue and regulations need to be framed. In any case, Bitcoin or cryptocurrencies in general did not even figure as an issue in this election. It was just a side issue that a politician accepted Bitcoin donations

veleten

legendary

Activity: 2016

Merit: 1106

Quote from: InvoKing on August 09, 2018, 03:49:13 PM

Unfortunate or not, the usage of cryptocurrencies shouldn't be decided by politicians nor bankers, people should force it.
Anyway, the article cite other politician holding Bitcoin too.

I agree,but a certain lobbyist could help alot in making it easier for the adoption to spread
and I bet many politicians hold bitcoins,take for example Ukrainian parliamentaries tax declaration of the last year
you will be amazed at the amounts of coins they hold,some posess more than 5.000 bitcoins
now imagine what politiicians from the richer countries have

InvoKing

legendary

Activity: 2142

Merit: 1065

✋(▀Ĺ̯ ▀-͠ )

Unfortunate or not, the usage of cryptocurrencies shouldn't be decided by politicians nor bankers, people should force it.
Anyway, the article cite other politician holding Bitcoin too.

ruthbabe

sr. member

Activity: 966

Merit: 275

U.S. Senate candidate Austin Petersen, who is known for his Bitcoin (BTC) advocacy, lost the Republican primary election Aug. 7.

According to unofficial results published by the Missouri Secretary of State, Petersen lost the battle to Attorney General Josh Hawley, who received 58.6 percent of the 663,553 votes. Hawley will go on to face to Democratic Missouri Sen. Claire McCaskill in the general election.

In February, ABC News reported that Petersen’s campaign for Senate received 24 donations in Bitcoin amounting to just under $10,000 total. One such donation was reportedly the largest BTC donation ever received in a federal election.

Upon the receipt on Dec. 20, the contribution of 0.284 BTC was purportedly converted to U.S. dollars. At the time the donation was worth over $4,500, putting the donation over the Federal election limit of $2,700 per individual. The candidate’s website explained that the first $2,700 would go toward activities in the primary election, while the remaining amount would be used in the general election.

See more for yourself, here.

Topic: [2018-08-09] Bitcoin-Friendly US Senate Candidate Defeated in Election (Read 131 times)