Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. Each and every one of our writers has an active tipping widget.
  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

US Senate Candidate Unable to Accept $130K Bitcoin Donation

written by

US Senate Candidate Unable to Accept $130K Bitcoin Donation

Support free journalists: > send a tip

Republican US Senate candidate Austin Petersen, who is running in the 6 November 2018 election for a seat in Missouri, was forced to return a USD 130,000 Bitcoin donation due to campaign finance laws. This isn’t even the first time Petersen has been forced to return large Bitcoin donations during his campaign; he had to return two USD 250,000 donations earlier in 2018.

The Federal Election Commission has legalized the use of Bitcoin for campaign contributions, on the condition that the Bitcoins must be returned if it exceeds the donation limit, is from a prohibited source, or is illegal in any other way. The market value at the time the Bitcoin is received specifies the USD value of the contribution. Political donors who use Bitcoin have to disclose their identity and anonymous donations must be returned.

Petersen recommended that the donor send USD 5,400 so it falls within the federally-mandated individual limit. and to start a political action committee (PAC) so that the donor could use an unlimited amount of money to promote Petersen as long as the donor doesn’t directly coordinate with Petersen’s campaign.

In February 2018, Petersen received the largest legal Bitcoin donation in US political history: BTC 0.284 worth USD 4,500 at the time, within the donation limit set by the Federal Election Commission. This sparked optimism that Bitcoin could be useful in the future as a mechanism for campaign contributions and financing.

The reason Petersen is getting so many Bitcoin donations is that he has made very positive statements regarding cryptocurrency. He says that the federal government has too much control over currency and that the decentralized nature of Bitcoin is a disruptive influence that can bring positive change. He says cryptocurrency is the future of American liberty and creativity. He has reportedly been willing to accept Bitcoin donations through BitPay since 2017.


Follow on Twitter at

Telegram Alerts from at


Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter