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- 1 RFK Jr. claims that if elected President, he would bring Pro-Bitcoin policies.
- 2 JFK’s nephew spoke about his stance on the current regulatory crackdown on the crypto industry.
Rejoicing the crypto community, Robert F. Kennedy (RKF) Jr. argued for bringing Pro-Bitcoin Laws if he was elected as the President. The grand nephew of ex-President of the United States, John F. Kennedy (JFK), the Democrat, commenced his Presidential campaign on April 5, 2023. He is believed to be a strong BTC proponent.
RKF Jr. Trying to Revive Bitcoin & Crypto in the U.S.
During recent interviews, Kennedy Jr. recapitulated his love for cryptocurrency, especially BTC. He promised that if he’s elected, he would ensure that the U.S. has regulations aiding BTC and facilitating the citizen to have control of their crypto wallets, passwords, and nodes.
“I will make sure 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.” – RFK Jr.
Considering the current regulatory stance taken by the U.S. authorities surrounding crypto and the recent crackdown on the industry, his statements as a President in waiting carries more value. Recent lawsuits against Coinbase and others painted a picture in which America is highly bearish over crypto.
Kennedy Jr. also promised that his future cabinet of ministers would work on bringing the required control to the crypto industry to avert money laundering. Many times in the past, he poked against the central bank digital currencies (CBDCs) and called them a financial product that can be used for “oppression.”
The Fed just announced it will introduce its “FedNow” Central Bank Digital Currency (CBDC) in July. CBDCs grease the slippery slope to financial slavery and political tyranny.
— Robert F. Kennedy Jr (@RobertKennedyJr) April 5, 2023
While cash transactions are anonymous, a #CBDC will allow the government to surveil all our private…
He had previously branded himself as an opponent of the U.S. Federal Reserve. He claimed that the agency joined hands with multiple banking institutes between 2008-2022, printing enormous amounts of money from thin air and further arguing that specific controversial policies could lead to a monetary imbalance in the future.
During such hard times, BTC would serve as an “escape route from the splatter zone.”
RKF Jr. & His Stance on SEC and Crypto Regulations
RKF Jr., while praising the potential of BTC, criticized the regulatory approach that the financial watchdog of the U.S. is taking against the industry. He said he does not want anti-crypto people working in the SEC, arguing that the agency protects banks and not American citizens.
“I don’t want people on the SEC commission who are anti-crypto. At most, they should be neutral, and we should have people on there who are from the crypto community.” – RFK Jr.
Many people worldwide, especially those from the crypto community, have cried the war waged by the SEC against the digital asset industry. Data shows that post the infamous FTX-saga, the regulatory actions from the agency increased by 183%. This number excludes the recent lawsuits against the world’s biggest crypto exchange and Coinbase.
Looking at the scenario where this regulatory crackdown is forcing the crypto entities to move off-shore. U.S. Lawmakers came into action and introduced a bill called the SEC Stabilization Act on June 12, 2023. The bill seeks to alter the agency’s structure, replacing the chair, Gary Gensler.
The SEC needed to provide clear crypto regulations, and Coinbase even had to take a legal route to request regulatory clarity from the agency. Amidst such a scenario, the crypto community is happy to have a BTC proponent running for the Oval Office and is hoping he wins.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
