Robert F. Kennedy Jr. Pledges to End White House ‘War’ on Bitcoin
Robert F. Kennedy Jr., a Democratic presidential candidate, has expressed his support for the cryptocurrency industry and his opposition to central bank digital currencies (CBDCs). If elected president, Kennedy has promised to end the White House’s hostility towards Bitcoin and make it easier for people to use and transact with the cryptocurrency.
“I’m gonna make sure that Bitcoin is protected, that people can keep their own wallets, that the current White House war on Bitcoin will be over, that transactions will be protected and encouraged, and ultimately, treating it as a currency rather than a commodity, particularly for smaller Bitcoin owners and transactions.”
Empowering Bitcoin Retail Traders
In addition to his support for Bitcoin, Kennedy wants to empower smaller actors and transactions by treating Bitcoin as a currency rather than a commodity. He believes that individuals should have the freedom to change their currency in the same way they do when traveling between countries.
Kennedy has been a vocal critic of CBDCs like the Federal Reserve’s ‘FedNow’ project, which he believes could lead to financial slavery and political tyranny. He sees Bitcoin as a safeguard for civil liberties and has accepted donations in the cryptocurrency for his presidential campaign.
Hot Take: Kennedy’s Support for Bitcoin
Robert F. Kennedy Jr.’s pledge to end the White House ‘war’ on Bitcoin and support the cryptocurrency industry demonstrates his understanding of its potential as a currency. By advocating for the protection of Bitcoin, empowering retail traders, and criticizing CBDCs, Kennedy aligns himself with those who value financial freedom and privacy. If elected president, his policies could have significant implications for the future of cryptocurrencies in the United States.
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