US Presidential Candidate Robert F. Kennedy Jr. Vows to Protect Bitcoin
Date: 2023-10-07 Author: Dima Zakharov Categories: BUSINESS
Robert F. Kennedy Jr., a participant in the ongoing US presidential race, has made a significant statement regarding his stance on cryptocurrencies. Kennedy, if elected president, intends to safeguard the first cryptocurrency, Bitcoin, and promote its use as a means to support the US dollar while offering an alternative to fiat currency.
In his interview with Bitcoin Magazine, Kennedy emphasized the importance of transactional freedom, comparing it to freedom of speech. He sees cryptocurrencies as a tool for enabling financial transactions with greater liberty and privacy.
One of Kennedy's notable positions is his skepticism towards Central Bank Digital Currencies (CBDCs). He believes that national digital currencies could potentially become instruments for governments to exert control over individuals' financial activities, a viewpoint he has expressed multiple times, openly criticizing CBDCs.
Kennedy has also pledged to pardon Julian Assange, the founder of WikiLeaks, and Edward Snowden, a former US intelligence agency contractor, on the first day of his presidency. Additionally, he intends to delve deeper into the case of Ross Ulbricht, the creator of the Silk Road darknet marketplace, who is currently serving two life sentences following his 2015 conviction.
In June, Kennedy made headlines by affirming his commitment to protect citizens' rights to own and use Bitcoin without hindrance. He disclosed that he had purchased 14 BTC in May as an investment for his children. His candidacy has garnered support from Jack Dorsey, the former CEO of Twitter.
Kennedy has previously characterized Bitcoin as an alternative to the traditional financial system and criticized US regulators for their "war on cryptocurrencies," which he believes has contributed to a banking crisis in the country.
Notably, Brian Armstrong, the CEO of Coinbase, had earlier labeled the upcoming US elections as a pivotal moment for cryptocurrency regulation. This suggests that the promotion of cryptocurrencies by US presidential candidates may play a crucial role in shaping the regulatory landscape.
According to a report by Grayscale, the inclusion of cryptocurrencies as part of the US presidential race is influenced by the anticipation that Generation Z and millennials will constitute a significant portion of the electorate, accounting for approximately 44%. Younger individuals tend to have less trust in traditional institutions and a greater affinity for new technologies, including cryptocurrencies.
