Freedom with Bitcoin: Kennedy Jr.’s Promise to America
Robert F. Kennedy Jr. has strongly supported Bitcoin and outlined several policy promises if elected as the 2024 presidential candidate.
At a recent event, he reassured Americans that they wouldn’t be required to pay taxes on Bitcoin to U.S. dollar conversions under his administration. Additionally, Kennedy Jr. asserted that Bitcoin should not be treated as a security and shouldn’t be subject to excessive regulation.
The recent verdict in the Ripple case seemed to have brought some clarity to the debate over the securities status of certain assets, like XRP.
The decision favored XRP, leading many to believe that other cryptocurrencies with similar decentralized ecosystems will also benefit from this precedent. Kennedy Jr. voiced his support for Bitcoin, stating that it is not a security and should not be subjected to regulatory treatment as one.
Kennedy Jr. also expressed his intention to end the Biden administration’s current policies, which some have referred to as “Choke Point 2.0,” targeting companies in the crypto space. He aims to prevent such punitive measures against banks that engage with Bitcoin.
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Furthermore, Kennedy Jr. emphasized the importance of protecting citizens’ right to use and hold Bitcoin, viewing it as a defense against manipulating the money supply.
He even made history by becoming the first presidential candidate to accept campaign donations in Bitcoin, highlighting its significance beyond just being a currency.
According to him, Bitcoin represents an “exercise in democracy” and provides a viable escape route for the public during market fluctuations.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
