Republican Senate Candidate Received Bitcoin Donation

Missouri Republican candidate, Austin Petersen received Bitcoin donation valued at $4,500 in his campaign for Senate
09 February 2018   1102

According to the Federal Election Commission, this donation is officially the largest single Bitcoin donation ever accepted by a US politician. Austin Petersen received a donation worth 0.284 of a Bitcoin – which at the time of exchange was valued at $4,500 in US dollars. However, this Bitcoin donation represented less than 3 percent of Austin Petersen’s overall campaign donation total. The dollar, therefore, still reigns supreme in the context of party political contributions.

This case is very important and opens the debate about cryptocurrencies and political donations.

Austin Petersen’ representative stated that there will be more campaign contributions and financing of this type. Austin Petersen is a big fan of competition in the marketplace, even when it comes to US dollar. That is why it was an easy decision to use that cryptocurrency.

This case made Bitcoin a new means of increasing campaign contributions through alternative digital currency donations. However, this huge Bitcoin donation wasn’t the first campaign contribution. For example, Rand Paul, during his 2016 Presidential Campaign, accepted Bitcoin. Other congressional and Senate campaigns have also accepted Bitcoin. Jared Polis in 2014 was the first congressional campaign to accept Bitcoin.

It seems that lawmakers now are happy to accept non-government backed cryptocurrencies to help improve campaign contribution. Due to the fact that more people become crypto wealthy, this new cluster of wealth could become a well of possible future political donations for all political parties.

SEC to Start VanEck-SolidX BTC-ETF Consideration

Starting today, the 45-day countdown to the SEC initial decision was launched
20 February 2019   98

For the first time since August of last year, two proposals on the creation of a Bitcoin-ETF are under consideration by the US Securities and Exchange Commission (SEC).

The application of VanEck and SolidX, issued in cooperation with the Cboe BZX exchange, as expected, was included in the Federal Register issue this Wednesday, with which the 45-day countdown to the SEC initial decision was launched. The application of Bitwise Asset Management and NYSE Arca was published last week.

I … hope that our investment in regulatory and market education, hard work and commitment will be honored when the time comes.

Gabor Gurbacs

Director of digital asset strategy, VanEck

The head of Bitwise’s research department, Matt Hogan, believes that not only firms that have submitted bids to create Bitcoin-ETFs are looking for approvals, but and the entire “extremely fast-growing” crypto industry.

A year ago there was maybe one qualified crypto custodian … and now there are half-a-dozen, and that number will go up from here. A little more than year ago, we didn’t have futures. A year ago we didn’t have nearly as many firms making markets. A few months ago, you didn’t have folks like Fidelity announced in the space. It’s evolving really, really quickly.

Matt Hougan

Global head of research, Bitwise

 As reported, ultimately, however, a bitcoin ETF approval will depend on how companies approach their proposals.