US presidential candidate Robert F. Kennedy Jr. made an interesting revelation during a press conference, stating that he has purchased 21 Bitcoin for himself and three coins each for his children since the beginning of his campaign. Kennedy emphasized that his administration would ensure transactional freedom for Bitcoin, allowing it to be used for purchasing everyday items such as apples and coffee. As the race for the 2024 US presidential election intensifies, crypto enthusiasts see this as an opportunity to support a candidate who is pro-crypto and could potentially put an end to the ongoing enforcement actions against crypto exchanges.
Kennedy, an Independent candidate, has consistently expressed his admiration for cryptocurrencies and has even outlined his plans to put the entire US budget on the blockchain. This stance has been widely reported by Crypto News Flash, with the most recent affirmation coming from Kennedy’s press conference at Consensus 2024 in Austin on May 30, 2024.
Addressing the biggest challenge facing the crypto industry in the US, Kennedy stressed the importance of transactional freedom. He believes that US citizens should have sovereignty over their wallets, the freedom to transact, and a transparent currency. If these issues are resolved, Kennedy believes that the US has the potential to become a leading hub for blockchain technology.
During his speech, Kennedy assured the audience that his government would regulate cryptocurrencies in a way that protects consumers from deceptive schemes. To demonstrate his genuine interest in the asset class, Kennedy revealed that he has personally purchased 21 Bitcoin since the start of his campaign and has also bought three BTCs for each of his children. Additionally, he expressed his intention to make crypto a transactional currency, suggesting that it should be used for purchasing everyday items like apples and lunches.
On the topic of taxation, Kennedy argued that crypto should be treated as a currency and not subjected to capital gains taxes. While he acknowledged that there are issues to be addressed in implementing this, he firmly believes that people should have the freedom to use crypto for transactions.
Interestingly, another presidential candidate, Donald Trump, has also embraced crypto and has promised to halt Joe Biden’s efforts to suppress the asset class. Trump envisions a future where Bitcoin is developed in the US rather than overseas. However, Trump has recently been found guilty on multiple counts of falsifying business records in a landmark trial in New York. Kennedy expressed his support for Trump’s new pro-crypto stance but declined to comment on the guilty verdicts.
Kennedy emphasized that his focus is on broader issues such as the economy and public health, and he does not want to be dragged into discussions about lawsuits against Biden or Trump. He believes that his campaign should maintain discipline and stay away from the “dirt pile.”
As of now, Bitcoin is trading at $68k, showing a 0.5% surge in the last 24 hours and a 1.6% increase in the last seven days.