Robert F. Kennedy Jr., a U.S. Presidential candidate, has promised to protect the rights of individuals to use and hold bitcoin if he is elected president. He believes that bitcoin is a safeguard against totalitarianism and the manipulation of money supply, and sees it as a path towards a more transparent and democratic future. Kennedy opposes central bank digital currencies, warning that they could give the government excessive power to control dissent and potentially lead to financial slavery and political tyranny. He supports bitcoin because it allows for transactions without government interference and has been beneficial for movements around the world, particularly in Burma.
Kennedy also believes that cryptocurrencies, led by bitcoin, are a significant source of innovation and that the U.S. government should not hinder the industry or push innovation abroad. He criticized President Biden’s proposed 30% tax on cryptocurrency mining and expressed his disapproval of the U.S. Securities and Exchange Commission (SEC) for prioritizing banks over the American people. Kennedy advocates for neutrality or representation from the crypto community within the SEC. He accepts bitcoin donations for his presidential campaign, further aligning himself with the cryptocurrency community.
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