Share this article
Sign Up
- Back to menuCryptocurrencies
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Bitcoiner Bruce Fenton Loses Bid to Contest US Senate Seat in New Hampshire
Fenton faced a competitive race but lost the Republican primary vote.
Bitcoiner Bruce Fenton will not get the chance to represent the state of New Hampshire as a Republican in the U.S. Senate, losing his bid after primary polls closed late Tuesday.
Frontrunners Don Bolduc, a former military officer, and Chuck Morse, president of the New Hampshire State Senate, were still neck and neck at 3:46 a.m. Eastern time, separated by only 1% with 82% of precincts reporting, with Bolduc leading by a nose. They are competing to face incumbent Sen. Maggie Hasan (D-N.H.) in November.
STORY CONTINUES BELOW
Fenton's loss comes as the 2022 primary season wraps up. In addition to New Hampshire, the states of Delaware and Rhode Island held their primary elections Tuesday to close out the final preliminary leg of the midterm elections. The general U.S. election will be held on Tuesday, Nov. 8.
Fenton, in a Twitter post, thanked his supporters.
We didn’t win the election tonight.
— Bruce Fenton (@brucefenton) September 14, 2022
I learned a lot, met great people, shared ideas, toured our state & leveled up skills. Great as a 1st time candidate joining a major race late. What an experience.
Thank you SO very much for your support!! ❤️
I’ll keep fighting for liberty!
Despite Fenton's loss, the U.S. Senate may soon have more crypto-friendly lawmakers after this year's midterm. U.S. Representative Ted Budd (R-N.C.) won his primary bid for a seat in the upper house of the American legislature in June. He'll face Democrat Cheri Beasley in the November contest. Similarly, Blake Masters, a Peter Thiel-backed Republican, is competing against incumbent Sen. Mark Kelly, a Democrat, in Arizona, while Ohio has Rep. Tim Ryan (D) facing challenger J.D. Vance (R).
Budd, a three-term congressman, has introduced or supported a number of crypto-friendly bills over his time in office. However,few have actually become law.
Seats in the House and Senate are up for grabs this November, and though a seemingly record number of crypto-friendly candidates ran for office it ultimately was not much of an election issue. Several crypto-friendly candidates – and several candidates supported by the crypto industry – lost their primary races over the course of the year.
Rather, the U.S. economy, gun policies, voting policies, healthcare and crime were at the top of voters' minds this year, according to a Pew Research Center poll published in August. Abortion, while not a major election issue at the start of the year, took on a fresh importance after the U.S. Supreme Court functionally overturned the landmark Roe v. Wade case this summer.
Nikhilesh De
Nikhilesh De is CoinDesk's managing editor for global policy and regulation, covering regulators, lawmakers and institutions. He owns < $50 in BTC and < $20 in ETH. He won a Gerald Loeb award in the beat reporting category as part of CoinDesk's blockbuster FTX coverage in 2023, and was named the Association of Cryptocurrency Journalists and Researchers' Journalist of the Year in 2020.
More For You
Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
What to know:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
Top Stories
