U.S. Senatorial Candidate Bruce Fenton Publicly Supports Bitcoin (BTC)

United States senatorial candidate for New Hampshire, Bruce Fenton, has extended his support for Bitcoin publicly. Fenton tweeted his public statement: “People choose what money is. We should separate money and state the way we separate church and state. I support the right of anyone to use any form of money they choose. I choose Bitcoin as my preferred money. The US dollar is a melting ice cube.”

Furthermore, Fenton advocated for everybody’s freedom to choose better money, even if it means choosing Bitcoin.

Crypto has become increasingly powerful in the political scenario, as political groups backed by wealthy crypto investors have scored some key wins in the 2022 midterm primaries. Not many candidates have spoken or shown support to any form of crypto, unlike Fenton.

According to Fenton, people haven’t needed politicians to tell them what money is throughout human history. “For thousands of years, people have figured it out, whether it’s gold or silver or Bitcoin, and the fact is that our money right now is broken. Politicians broke it. They have unlimited money that they can print from thin air without accountability,” he said.

In another podcast interview, Fenton said that he hopes that Bitcoin can make people care much more about ideas, code, and what’s true rather than personalities and self-marketing.

Fenton Calls Out Opponent Maggie Hassan

Fenton said that Maggie Hassan teamed with Elizabeth Warren to attack Bitcoin miners and repeatedly requested more KYC and other regulations. Fenton also accused Hassan of being against free markets.

Fenton held Hassan responsible for her statements on crypto, claiming that “crypto is for drug sales, ransomware attacks, tax evasion, terrorism etc.” Fenton also pointed out that Hassan asked for more stringent requirements for cryptocurrency exchanges, kiosks, and OTC trading desks.

Hassan also voted to increase federal control and regulatory authority over international cryptocurrency mining operations. Meanwhile, she also sent letters to six Bitcoin mining companies about energy usage.

On the Flipside

  • The US SEC has been receiving criticism for its views around crypto regulation. The SEC Chair’s decision to treat the crypto market like the capital market has come under fire from people on Twitter and from prominent figures like Mark Cuban.

Why You Should Care

Bruce Fenton has received significant support online. “Doesn’t matter what state or what country or what party, crypto is now and forever a major topic for those running to represent us in government,” tweeted a follower.

Another supporter said, “Bruce Fenton is the world’s first organic crypto candidate for the US Senate. Voting for him on this poll sends a message that crypto isn’t going away so that even if he doesn’t win, the others will know they need to take that shit very seriously and stop the illogical nonsense!”

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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Author

Akriti is a Zurich-based reporter, focused on the political, regulatory, and legislative developments around crypto. She is a business journalist with over six years of experience working as a correspondent for organizations like Channel NewsAsia and Bloomberg TV India. In that time, Akriti has covered news in the finance, pharma, and state sectors.