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Robert F. Kennedy – the US presidential candidate from the Democratic Party and a vocal supporter of the cryptocurrency industry – disclosed that he owns between $100,001 and $250,000 worth of bitcoins.
The revelation comes nearly two months after the Miami BTC conference, where he stated that he is not a crypto investor.
Kennedy owns over 3 BTC
According to a financial disclosure report seen by CNBC, the Kennedy family Held Up to $250K in bitcoin by June 30th. While this may be another example outlining the pro-crypto stance of the American, some may argue that the position could lead to a conflict of interest.
Kennedy attended the Miami Bitcoin Conference in May this year and told the crowd that he has not invested in the primary digital asset. On the other hand, he assured that he would accept BTC donations for his political campaign.
He said at the time, “I’m not an investor and I’m not here to give investment advice.”
Former Democratic Representative Dennis Kucinich — who serves as Kennedy’s campaign manager — claimed the BTC purchases occurred after the speech and before the June 30 filing deadline.
The list of US politicians holding major digital assets does not end with John F Kennedy’s nephew. US Senator Cynthia Lummis bought In the summer of 2021, the price of bitcoin was between $ 50,001 and $ 100,000. It is noteworthy that she jumped on the bandwagon in 2013 when the price of BTC was just $300. Senators Pat Toomey and Ted Cruz have also joined the ecosystem.
Presidential candidate and current mayor of Miami – Francis Suarez – has gone even further, Received His salary is in bitcoin instead of fiat currency.
Kennedy’s Crypto Vision
The 69-year-old environmental lawyer has expressed some controversial views over the years. For one, he is an opponent of conventional nuclear power and has promoted several conspiracy theories regarding COVID-19 and the vaccination program.
Kennedy is also in favor of the cryptocurrency sector and is against the steps of the US Federal Reserve. He swore off Enforcing BTC-friendly legislation upon becoming President:
“I will ensure that we have policies that support bitcoin and the freedom to transact, and that allow individuals to manage their own bitcoin wallets, nodes, and passwords.”
Furthermore, he assured that his cabinet would impose only necessary controls on the industry (to prevent money laundering) and would not hinder its development.
Central bank digital currencies (CBDCs) are not likely to gain much support if Kennedy wins the election as he described them as a financial tool to be used for “oppression”.
After this, he criticized The US Fed suggested that it had collaborated with some banks to print huge amounts of money between 2008–2022. According to him, this has a negative impact on the US economy, while BTC can serve as an “escape route from the splinter zone”.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
[ad_1]
Robert F. Kennedy – the US presidential candidate from the Democratic Party and a vocal supporter of the cryptocurrency industry – disclosed that he owns between $100,001 and $250,000 worth of bitcoins.
The revelation comes nearly two months after the Miami BTC conference, where he stated that he is not a crypto investor.
Kennedy owns over 3 BTC
According to a financial disclosure report seen by CNBC, the Kennedy family Held Up to $250K in bitcoin by June 30th. While this may be another example outlining the pro-crypto stance of the American, some may argue that the position could lead to a conflict of interest.
Kennedy attended the Miami Bitcoin Conference in May this year and told the crowd that he has not invested in the primary digital asset. On the other hand, he assured that he would accept BTC donations for his political campaign.
He said at the time, “I’m not an investor and I’m not here to give investment advice.”
Former Democratic Representative Dennis Kucinich — who serves as Kennedy’s campaign manager — claimed the BTC purchases occurred after the speech and before the June 30 filing deadline.
The list of US politicians holding major digital assets does not end with John F Kennedy’s nephew. US Senator Cynthia Lummis bought In the summer of 2021, the price of bitcoin was between $ 50,001 and $ 100,000. It is noteworthy that she jumped on the bandwagon in 2013 when the price of BTC was just $300. Senators Pat Toomey and Ted Cruz have also joined the ecosystem.
Presidential candidate and current mayor of Miami – Francis Suarez – has gone even further, Received His salary is in bitcoin instead of fiat currency.
Kennedy’s Crypto Vision
The 69-year-old environmental lawyer has expressed some controversial views over the years. For one, he is an opponent of conventional nuclear power and has promoted several conspiracy theories regarding COVID-19 and the vaccination program.
Kennedy is also in favor of the cryptocurrency sector and is against the steps of the US Federal Reserve. He swore off Enforcing BTC-friendly legislation upon becoming President:
“I will ensure that we have policies that support bitcoin and the freedom to transact, and that allow individuals to manage their own bitcoin wallets, nodes, and passwords.”
Furthermore, he assured that his cabinet would impose only necessary controls on the industry (to prevent money laundering) and would not hinder its development.
Central bank digital currencies (CBDCs) are not likely to gain much support if Kennedy wins the election as he described them as a financial tool to be used for “oppression”.
After this, he criticized The US Fed suggested that it had collaborated with some banks to print huge amounts of money between 2008–2022. According to him, this has a negative impact on the US economy, while BTC can serve as an “escape route from the splinter zone”.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
