Presidential Hopeful Robert Kennedy Jr. Has Big Ideas Regarding the Crypto Space

by
Nick Marinoff
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Just yesterday, Live Bitcoin News published an article talking about republican presidential candidate Vivek Ramaswamy and his big plans for bitcoin should he take the White House next November. Interestingly, he’s not the only presidential hopeful that’s betting big on bitcoin. Robert F. Kennedy Jr. – a democratic candidate who’s hoping to take the nomination from Biden early next year – is also saying he’s going to do big things when it comes to cryptocurrency.

Robert Kennedy Is a BTC Fan, It Seems

Not long ago, during the Miami Bitcoin Conference, Kennedy made an appearance and announced that his campaign is accepting bitcoin and crypto donations. He commented:

Our campaign will be the first presidential campaign in history to accept bitcoin donations through the Lightning Network, and today, we move one step closer to the future. Today, we show the world the power, durability, and flexibility of bitcoin.

He also mentioned that as the president, he will ensure all Americans have the right to crypto holdings, and that the government will never do anything to get in the way of this. His comments are clear throwbacks to the nasty maneuvers Americans have witnessed over the past two years involving the Securities and Exchange Commission (SEC), its head Gary Gensler, and the many members of the Biden administration, which have done nothing positive for crypto and instead appear dead set on making their lives hard.

For one thing, an infrastructure bill was implemented in the summer of 2021 – the first year of Biden’s false presidency – that was aimed less at rebuilding roads, schools, and hospitals (like the word infrastructure would imply) and more towards making crypto investors pay more come tax time starting in the year 2024.

In addition, Biden has implied he’s looking to instill an Obama-era policy that will shut out all digital currency companies from standard finance, thus making it hard for them to garner access to bank accounts, credit cards, and other products that could help their operations float along.

Lastly, Biden’s faulty economic plans have caused the Fed to hike rates repeatedly, which really hurt crypto prices in 2022 and brought them to record lows. Kennedy mentioned:

First, I will defend the right of self-custody of bitcoin and other digital assets. You should be able to own your private keys the same as you own the keys to your car or your wallet.

No Mining Tax!

He also stated complete disagreement with Biden’s plans to implement a 30 percent tax on all crypto mining operations, claiming that he is an advocate for home-based crypto mining. He stated:

I don’t think the government has the right to demand access to your bitcoin key or… any of your passwords. To say otherwise is to cede essential territory to the surveillance state.