Robert F. Kennedy Jr. is hoping to become next year’s democratic presidential nominee and thus beat out the present holder of that title Joe Biden. Robert Kennedy Loves Bitcoin At the Miami Bitcoin Conference last May, Kennedy assured the crowd that he wasn’t an investor in bitcoin, though he touted all its benefits and the great technology behind it. He stated to attendees: I am not an investor, and I am not here to give investment advice. However, a little digging into his financials reveals that while he may not have ever invested in bitcoin, his family potentially has. His financial disclosures, which were filed in late June of this year, show an account that one point, held as much as 0,000 worth of bitcoin. According to Kennedy’s campaign manager,
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Robert F. Kennedy Jr. is hoping to become next year’s democratic presidential nominee and thus beat out the present holder of that title Joe Biden.
Robert Kennedy Loves Bitcoin
At the Miami Bitcoin Conference last May, Kennedy assured the crowd that he wasn’t an investor in bitcoin, though he touted all its benefits and the great technology behind it. He stated to attendees:
I am not an investor, and I am not here to give investment advice.
However, a little digging into his financials reveals that while he may not have ever invested in bitcoin, his family potentially has. His financial disclosures, which were filed in late June of this year, show an account that one point, held as much as $250,000 worth of bitcoin.
According to Kennedy’s campaign manager, however (former democratic representative Dennis Kucinich), this investment occurred long after he gave the speech to the group in Miami, and the crypto was purchased by Cheryl Hines, the “Curb Your Enthusiasm” actress who’s also Kennedy’s wife. Kucinich said:
There is no conflict here.
Despite never allegedly investing in bitcoin before, Kennedy has always been there to tell the world what a great tool it allegedly is. Last June, he tweeted:
Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply; it points the way toward a future in which government institutions are more transparent and more democratic.
The Kennedy campaign has recently mentioned:
The investments were not his, but his wife’s. He is not involved in her investment decisions.
Still, it wasn’t mentioned how long the money had been held by Hines. Virginia Canter – the chief ethics counsel for watchdog group Citizens for Responsibility and Ethics in Washington – commented that while the money may indeed belong to Kennedy’s wife and not to him, this still raises serious questions and could wind up causing problems for his campaign. She mentioned:
Under a traditional conflict of interest analysis, Hines’ financial interests are imputed to him. I’m really concerned that he’s speaking at this conference [and] touting this investment to potential voters while the family has a history of owning bitcoin. It’s like he could do the same thing for Procter and Gamble. There’s no difference in my mind from a conflicts perspective.
BTC Held By His Family?
Kennedy has a non-profit called Children’s Health Defense that also accepts bitcoin donations. Last April and May, he tweeted the following messages:
Cryptocurrencies like bitcoin give the public an escape route from the splatter zone when this bubble invariably bursts… Cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine. It is a mistake for the U.S. government to hobble the industry and drive innovation elsewhere… Bitcoin has been a lifesaver for people’s movements around the world.