Robert F. Kennedy Jr., a candidate for the US presidency, has revealed that he has purchased 21 Bitcoin for himself and three coins for each of his children since the beginning of his campaign. In a press conference, Kennedy affirmed that if elected, his administration would support the use of Bitcoin for everyday transactions such as buying apples and coffee.
With the 2024 US presidential race underway, voters are faced with a familiar set of choices. For cryptocurrency enthusiasts, this presents an opportunity to rally behind a candidate who supports crypto and aims to put an end to the ongoing crackdown on exchanges.
Taking advantage of this, independent candidate Robert F. Kennedy Jr. has consistently expressed his admiration for cryptocurrencies and his plans to bring the entire US budget onto the blockchain. His stance on this matter has been widely reported, with the latest statement coming from his press conference at Consensus 2024 in Austin on May 30, 2024.
Addressing the biggest issue currently facing the crypto industry in the US, Kennedy emphasized that transactional freedom is the primary challenge. He believes that US citizens should have control over their wallets, the freedom to make transactions, and a transparent currency. He believes that once these issues are addressed, the US could become a leading hub for blockchain technology.
Kennedy assured the audience that his government would regulate cryptocurrencies in a way that protects consumers from deceptive schemes. To demonstrate his personal interest in the asset class, he revealed that he has purchased 21 Bitcoin since the start of his campaign and has also bought three BTC for each of his children.
Additionally, Kennedy stated that his administration would establish cryptocurrencies as a transactional currency, usable for everyday purchases like apples and lunch. He believes that crypto should be treated as a currency and should not be taxed as capital gains. However, he acknowledged that there are challenges in implementing this and expressed his belief that people should have the choice to use crypto for everyday transactions.
In a similar vein, presidential candidate Donald Trump has also shown support for cryptocurrencies, promising to end Joe Biden’s efforts to suppress the asset class. Trump has been found guilty of falsifying business records in a trial in New York, but Kennedy refrained from commenting on this, expressing his satisfaction with Trump’s pro-crypto stance and focusing on broader issues in his own campaign.
At the time of writing, Bitcoin was trading at $68k, with a 0.5% increase in the past 24 hours and a 1.6% increase in the past seven days.