If elected president of the United States, Robert F. Kennedy Jr. (RFK Jr.) has pledged to guarantee that “your right to use and hold bitcoin is inviolable.” The presidential candidate declared that bitcoin “points the way toward a future in which government institutions are more transparent and more democratic.” Bitcoin, he added, “is not only a bulwark against totalitarianism and the manipulation of our money supply.”
If elected president of the United States, Robert F. Kennedy Jr. (RFK Jr.), a candidate for the position, has promised something regarding bitcoin. Kennedy is the nephew of former U.S. President John F. Kennedy and the son of former U.S. Attorney General and Senator Robert F. Kennedy. Tuesday, RFK Jr. tweeted:
“As president, I will make sure that your right to use and hold bitcoin is inviolable.”
Bitcoin is not only a defense against authoritarianism and the manipulation of our money supply; it also indicates the way to a day when political institutions are more open and democratic.
In May, the presidential candidate stated his opposition to central bank digital currencies (CBDCs), arguing that they “will vastly magnify the government’s power to suffocate dissent by cutting off access to funds with a keystroke.” He stressed that central bank digital currency should be avoided as it may result in financial servitude and political dictatorship.
“I favor bitcoin because it enables people to transact without intervention from the government. In Burma, specifically, Bitcoin has proven a lifesaver for people’s movements.
Cryptocurrencies, driven by bitcoin, and related technologies are a significant source of innovation. The U.S. government is wrong to restrict the sector and promote innovation abroad. He also tweeted in May, “Biden’s planned 30% tax on bitcoin mining is a horrible idea.
Kennedy, whose presidential campaign accepts bitcoin payments, recently criticized the U.S. Securities and Exchange Commission (SEC) for defending banks rather than the American people. He emphasized, “I don’t want people on the SEC commission who are anti-crypto.” “At most, they should be neutral, and we ought to have members of the crypto community there.”
