Austin Petersen is Bitcoin's Best Chance in Congress

By Spencer Kellogg | 

We are less than a month away from Missouri’s GOP primary on August 7th, and Austin Petersen is standing strong behind his support for Bitcoin and alternative currencies. Following an open-faced attack on Bitcoin from Representative Emanuel Cleaver of Missouri, Petersen promised to “stop cryptocurrency regulation” if he is elected to the United States Senate.

Petersen is a long time cryptocurrency advocate who ran for president as a Libertarian in 2016. He is now at the end of a heated primary race against Josh Hawley, the sitting Attorney General of Missouri. Hawley has had to battle off Petersen’s determined grassroots campaign along with questions from both the state GOP and the national media who have spotlighted Hawley for his ineptitude and lack of interest in the primary campaign. Petersen has seen a major wave of youth support that has enabled his campaign to reach tens of thousands of Missourians through phone calls and knocking on doors in the past few months alone.

This isn’t the first time that Petersen has made headlines in the cryptocurrency community. His campaign began taking Bitcoin donations through BitPay (here) last summer and in February, Petersen received the largest Bitcoin donation ever made to a US political campaign at the time: 0.284 BTC, which was then valued at $4,500 USD. Three months later, his campaign was gifted a stunning $250,000 dollars worth of Bitcoin that the team had to return due to Federal Election Committee (FEC) rules.

Speaking with CCN last year, Austin Petersen elaborated on how his limited government stance on the American financial infrastructure has instructed support for open market cryptocurrency conditions:

Bitcoin’s disruptive influence is just what our financial system needs at this time. For too long, the federal government has had exclusive control over currency, stymying competition and growth by falsely limiting consumer choice — a fact we would all be aware of were the Federal Reserve subject to the same kind of audits privately-held companies are. Cryptocurrency represents the future of American creativity and American liberty, and I’m delighted to accept campaign donations in this form.

An atypical politician, Petersen has been banned from Facebook twice for raffling off donated AR-15’s to his campaign. He is a devoted supporter of the 1st and 2nd Amendments of the Constitution. This is evidenced by his pro-gun commercial titled “no compromise” that has been airing all over Missouri televisions recently. His limited government message of less bureaucracy and more freedom makes him one of the most exciting candidates that America has seen in the last half-century. Crypto has always been an outsider economic revolution and Petersen is a political one. That it would be a farm boy from the plains of Missouri to lead the cryptocurrency charge into the beltway seems in many ways fitting.

Petersen represents the first American generation of crypto-conscious politicians. While there are a few crypto advocates in Congress today, none have been so vocal and open in their support for alternative currencies and blockchain technology. Petersen has, again and again, recognized the artistic, cultural and economic liberties that are the heart and soul of the Bitcoin community and his insightful knowledge of United States monetary policy makes him an eloquent defender of the sector. His pro-capitalism ideology is rooted in a strict, hands off interpretation of government’s role in a citizens life that champions innovative financial networks like Bitcoin instead of demonizing them. All of this makes him a natural fit in the new currency scene which emphasizes privacy, liberty and peaceful transactions by free market standards.

If Petersen can triumph over Hawley his campaign has polled strongly against Democrat incumbent Claire McCaskill for the general election in November. To learn more about Austin Petersen’s campaign, you can find his candidate website at the link below:
https://www.austinpetersen.com/

 

 

This article was published on July 16, 2018 on the 71Republic and was written by Spencer Kellogg