Fenton noted that the government should not be involved in the currency choices for the masses as he equated the dollar to a melting ice cube during the New Hampshire primary debate on August 25. According to Fenton, the current monetary system is broken, citing the Federal Reserve policy of printing more money. He stated that Bitcoin’s supply limit competes with the dollar. He added:
Increased crypto lobbying
It is worth mentioning that Fenton is among United States politicians accepting cryptocurrency donations ahead of the primaries. Notably, the upcoming polls have seen digital assets take center stage amid the ongoing U.S. crypto regulations debate, with different players lobbying to have friendly regulators. Among funders for Fenton’s campaign include Jesse Powell, the CEO of cryptocurrency exchange Kraken. Notably, all of Powell’s donations to pro-crypto politicians have been channeled to candidates regardless of the political party or ideological stance. Fenton’s stand has been pushing for a completely unregulated Bitcoin industry to promote monetary freedom. Candidates viewed as crypto-friendly enjoy support from crypto enthusiasts as digital assets become a key topic on Capitol Hill. This comes ahead of a debate before Congress regarding the comprehensive cryptocurrency regulation bill fronted by Wyoming Senator Cynthia Lummis.
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