Monero podcaster loses NY congressional race

Published at: Nov. 9, 2020

Douglas Tuman, a crypto enthusiast and host of the Monero Talk podcast, has lost in his bid to represent New York’s 4th District in the United States Congress.

According to election results from The Associated Press, Tuman, a Republican, received 134,243 votes to incumbent Democrat Kathleen Rice’s 147,580 in New York’s 4th District, which includes parts of central and southern Nassau County. Rice has served as a member of the U.S. House of Representatives since 2015.

The Monero (XMR) podcaster first announced his intentions to run for Congress in March, stating that he was running on a platform “to improve representative democracy and money.” Tuman said he was willing to accept XMR and other crypto donations for his campaign to create a “more pro crypto” U.S. government.

“With the crypto community behind me we can probably get Monero national attention as free speech money,” said the congressional candidate. “Monero aligns with the ideals America was founded upon. It is America 2.0 — a protocol to preserve liberty in the digital age.”

Privacy coins like XMR have been involved in U.S. elections and legislation this year in one form or another. In October, crypto scammers briefly replaced a page on Donald Trump’s re-election campaign website, calling for readers to make donations to two Monero wallets if they wanted certain “strictly classified information” about the president released. The Internal Revenue Service also recently offered a bounty of up to $625,000 to anyone who can break the purportedly untraceable features of XMR.

Cointelegraph has reached out to Douglas Tuman, but had not received a response at the time of publication.

Tags
Related Posts
Law Decoded: Governments vs. blockchain privacy, Sept. 4-11
Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note One of the most persistent myths about Bitcoin is its supposed anonymity. More properly termed pseudonymity, BTC wallets are permanently tied to their public keys. Most of you know that. But it took government investigators years of trying to corral Bitcoin transactions on dark web marketplaces like the Silk Road to figure that out. Now, however, blockchain analysis is a growing industry, catering to a range of clients including many of the most shadowy of government agencies. This was …
Regulation / Sept. 11, 2020
Gemini crypto exchange adds shielded withdrawals for privacy coin Zcash
Gemini, a cryptocurrency exchange founded by the Winklevoss twins, aims to improve user privacy with a major privacy token, Zcash (ZEC). Starting Sept. 29, Gemini will support shielded withdrawals of ZEC, which allows users to hide their transaction data. Gemini representatives said that the new feature is the “first time shielded ZEC withdrawals are available on a regulated exchange.” The new option comes in line with Gemini’s mission to strengthen financial privacy and “empower the individual through crypto,” Gemini executives said. Launched in 2016, Zcash is a major privacy-focused cryptocurrency, enabling two user privacy levels through two types of addresses …
Regulation / Sept. 29, 2020
The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning
The United States Internal Revenue Service has offered a bounty of up to $625,000 to anyone who can break purportedly untraceable privacy coins such as Monero (XMR) as well as trace transactions on Bitcoin’s (BTC) Lightning Network. The official proposal, published last week, says the IRS will accept submissions in the form of working prototypes until Sept. 16. If accepted, applicants will receive an initial payment of $500,000. This grant will allow applicants to develop their prototype into a working concept over the next eight months. Once the pilot test is completed and approved by the government, a further $125,000 …
Technology / Sept. 11, 2020
Dash claims ‘inaccurate categorization’ as ShapeShift delists privacy coins
It shouldn’t come as a surprise that regulators are starting to pay close attention to cryptocurrencies this year. For instance, as the price of Bitcoin (BTC) continues to soar, it’s predicted that regulators will start taking direct action – possibly even banning Bitcoin completely. While the ban may sound extreme, regulators have recently honed in on the use of privacy coins like Monero (XMR), Zcash (ZEC) and Dash. For example, in September this year, the United States Internal Revenue Service offered a bounty of up to $625,000 for intelligence firms that could break the untraceable privacy coin Monero. Moreover, on …
Bitcoin / Nov. 16, 2020
Post-election roundup: Who were the pro- and anti-crypto winners and losers from the US Midterms?
Results from many election races for seats in the United States Senate and House of Representatives are still coming in, but a number of candidates who have expressed staunch views on digital asset regulation won on Nov. 8. Some of crypto’s most outspoken supporters at the local and federal level, including Wyoming Senator Cynthia Lummis and Miami Mayor Francis Suarez, had no elections in November 2022, but others defended challenges to congressional seats with both narrow and wide margin victories. Pro-crypto House incumbents including Minnesota Representative Tom Emmer and North Carolina Minnesota Representative Patrick McHenry won re-election, as did crypto …
Regulation / Nov. 9, 2022