Libertarian Party Nominates Chase Oliver For 2024 US Presidential Run Amid Controversies
Summary:
The American Libertarian Party has nominated Chase Oliver as its presidential candidate for the November 2024 elections, marking a departure from the usual contestants. Oliver's nomination came after speeches from Donald Trump and Robert F. Kennedy Jr. at the party's convention. Oliver's stances about cryptocurrencies remain unknown, but he supports pardoning Silk Road founder Ross Ulbricht and has promoted Mike ter Maat as his potential vice president, who advocates for crypto deregulation. Trump has recently signaled an interest in cryptocurrencies and even announced his willingness to accept campaign donations in the form of digital currencies.
During the Memorial Day Weekend event, the American Libertarian Party diverged from the norm by selecting a fresh nominee for the presidency following addresses from Donald Trump and Robert F. Kennedy Jr. On May 26th, the party delegates selected Chase Oliver as their presidential contender, making him the face of the country's third biggest political party in the upcoming November 2024 elections. 38-year-old Oliver is entering the presidential competition where most Americans are anticipated to vote for either incumbent President Joe Biden or Donald Trump, who are the perceived nominees of their respective Democratic and Republican parties.
Oliver's nomination occurred subsequent to Trump's engagement with the Libertarian conference on May 25. According to reports, numerous attendees responded negatively to Trump's remarks, labeling him a "charlatan" and "deceiver" for masquerading as a proponent of the party's principles. RFK Jr. also had his moment at the podium on May 24 but was dismissed as a potential nominee when he secured only 2% of votes.
Libertarian Party members have expressed interest in elements of cryptocurrencies like Bitcoin (BTC). The party's official stance reflects this, advocating for freedom in voluntary exchanges using any mutually acceptable commodity or item. However, Oliver's stance on digital assets remains unknown despite his vocal opinions on fiscal matters and personal liberty.
Oliver is an advocate for pardoning Silk Road founder Ross Ulbricht, currently serving double life sentences for initiating and operating the online bazaar. In the wake of his nomination, Oliver rallied support for Mike ter Maat for the vice-presidential role. The 63-year-old from Portland strongly opposes the issue of a central bank digital currency (CBDC) by the Federal Reserve, advocating for deregulation of cryptocurrencies. He also favors imposing a prison sentence on former FTX CEO Sam Bankman-Fried over allegations of customer deceit.
Historically, the Libertarian Party has secured only about 3% of the popular vote in the 2016 presidential race and isn't projected to win in 2024. Yet due to the "winner-takes-all" model of the Electoral College in many US states, the influence of any third-party candidate can swing an election by siphoning votes from Biden or Trump.
With the U.S. Election Day slated for November 5 only six months away, Trump has shown a growing interest in cryptocurrencies. In May, he declared that his campaign would accept donations in digital currencies, conveying a "highly positive and receptive" approach towards the technology. Meanwhile, President Biden is expected to encounter three crypto-related bills on his table before November, likely influencing several voters' decision.
Published At
5/27/2024 9:23:50 PM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.