Independent presidential candidate Robert F. Kennedy Jr. expressed his approval of former President Donald Trump's sudden endorsement of cryptocurrency, emphasizing the importance of commitment to freedom and transparency. At a recent event held above the bustling atmosphere of Consensus, Kennedy discussed various topics related to crypto, including bitcoin, ETH ETFs, and even addressed questions surrounding his political stance. Despite being asked if he considers himself a conservative, Kennedy clarified that he does not align with either the right or left wing, but rather bases his positions on what he deems as common sense.
When questioned about Trump's pivot in support towards crypto, Kennedy responded positively, stating that he was "happy" about the decision. He viewed Trump's endorsement as beneficial for the country, emphasizing that embracing crypto signifies a commitment to freedom and transparency. Furthermore, he expressed hope that President Biden would also recognize the value of cryptocurrency moving forward.
Kennedy also shared his agreement with Trump's promise to consider commuting the sentence of Silk Road founder Ross Ulbricht if elected. However, he mentioned the need to review the case thoroughly before making a final decision on issuing a pardon. In addition, the candidate disclosed that he recently purchased a substantial amount of bitcoin, including three bitcoins for each of his children, highlighting his belief in the potential of bitcoin as a means to safeguard the dollar's stability.
In terms of his vision for crypto if elected as president, Kennedy emphasized the importance of treating cryptocurrency as a transactional currency rather than taxing it as capital gains. He advocated for utilizing crypto as a form of payment for everyday goods and services, such as apples, lunches, and coffee. This aligns with his goal of ensuring transactional freedom and providing individuals with the choice to engage in crypto transactions unhindered by unnecessary regulations.
Discussing the current regulatory environment surrounding crypto in the US, Kennedy emphasized the necessity of transactional freedom and transparent financial systems. He stressed the importance of regulating cryptocurrency to protect consumers from deceptive schemes while also positioning America as a global leader in blockchain technology. Kennedy's commitment to crypto extended to his proposal of putting the federal budget on the blockchain, highlighting his belief in the transformative potential of blockchain technology in decentralizing the country and fostering innovation and entrepreneurship.
Kennedy's advocacy for crypto as a medium for transactional currency and his push for regulatory frameworks that prioritize consumer protection reflect his dedication to advancing the adoption and use of cryptocurrency in the US. By aligning with the principles of freedom, transparency, and innovation, Kennedy aims to establish a supportive environment for cryptocurrency that not only safeguards individual financial autonomy but also enhances economic growth and technological development in the country.
