Home / Crypto Currency / Bitcoin-Friendly U.S. Senate Candidate Austin Petersen Loses Republican Primary

Bitcoin-Friendly U.S. Senate Candidate Austin Petersen Loses Republican Primary

austin petersen


Pro-bitcoin U.S. Senate candidate Austin Petersen has lost his Republican primary bid to challenge incumbent Missouri Sen. Claire McCaskill in the upcoming mid-term election.

Petersen, who accepted the largest single bitcoin donation in federal election history and was also forced to return several six-figure cryptocurrency contributions due to campaign finance regulations, was soundly defeated by Attorney General Josh Hawley, who received 58.6 percent of the 663,553 votes, according to unofficial results published by Missouri elections officials.

Despite garnering endorsements from several state-level Missouri politicians, Petersen finished a distant third, receiving 8.2 percent of the vote and coming in just behind Tony Monetti, who had been endorsed by former Alaska Gov. Sarah Palin.

Petersen’s candidacy was always a longshot, and the Republican National Committee (RNC) had already begun campaigning for Hawley long before last night’s primary. Hawley had also won endorsements from major local newspapers, including the Kansas City Star, who said that many of Peterson’s ideas are “best left to theoretical discussions in academia, or ignored altogether.”

Even so, Peterson’s supporters touted polls that suggested he — not Hawley — had the best chance to unseat McCaskill, the Democratic incumbent who is seeking a third six-year term. President Trump won Missouri handily in 2016, so Republican strategists believe they have an opportunity to flip the seat in November.

For cryptocurrency supporters, Petersen’s candidacy marked an opportunity to add another pro-bitcoin voice to Congress at a time when legislators and regulators are debating how best to respond to the rise of this nascent technology and asset class.

As CCN reported, some legislators — such as Congressional Blockchain Caucus members Rep. Jared Polis (D-CO) and Rep. Bob Goodlatte (R-VA) — have embraced the burgeoning field, while others, perhaps most notably Rep. Brad Sherman (D-CA), have called for the government to pursue an outright ban on cryptocurrency.

Previously, Petersen ran for president as a Libertarian Party candidate during the 2016 presidential election, finishing second in the primaries to former New Mexico Gov. Gary Johnson, who ultimately received 3.28 percent of the popular vote.

Featured Image from Gage Skidmore/Wikimedia Commons

Follow us on Telegram or subscribe to our newsletter here.
Join CCN's crypto community for $9.99 per month, click here.
Want exclusive analysis and crypto insights from Hacked.com? Click here.
Open Positions at CCN: Full Time and Part Time Journalists Wanted.
Read more

Check Also

Facebook Aggressively Hiring Blockchain Devs, Discussed Launching Cryptocurrency: Report

Facebook has embarked on an aggressive hiring spree to woo crypto experts to expand its blockchain group amid speculation that the social media monopoly is considering launching its own cryptocurrency. Facebook formed its blockchain unit in April 2018 with David Marcus, the former president of PayPal and VP at Messenger. Marcus is a longtime cryptocurrency advocate and The post Facebook Aggressively Hiring Blockchain Devs, Discussed Launching Cryptocurrency: Report appeared first on CCN

Leave a Reply

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.