Democratic presidential candidate Robert F. Kennedy Jr owns up to $250,000 in Bitcoin (BTC), contrary to his previous claim that he is not an investor in the leading cryptocurrency.
A record obtained by CNBC shows Kennedy Jr. who owned between $100,001 and $250,000 worth of Bitcoin at the end of June. The investment was made after his speech at the Bitcoin 2023 conference in May, when he announced that his campaign would be the first to accept Bitcoin donations in the United States.
During the conference, the candidate also denied investing in Bitcoin. “I’m not an investor, and I’m not here to give investment advice,” he said.
The financial disclosure filed on June 30 did not specify when the cryptocurrency was purchased, which has returned to less than $201 since the investment was made. The filing does not indicate who bought the Kennedy family, although the candidate’s campaign acknowledged that it was Kennedy Jr.
Challenged by President Joe Biden, Kennedy Jr. the crypto community in his campaign. In a post on Twitter on May 3, he DECLARED that “cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine,” adding that it is a mistake for the US government “to hobble the industry and push of innovation elsewhere.”
Among his wealthy supporters are the Twitter founder and Block Inc. CEO Jack Dorsey, who recently threw his weight behind the candidate. “He can and will,” Dorsey wrote on Twitter about the candidate’s strategy to defeat his opponents in the upcoming race.
Kennedy Jr. son of former Attorney General and Senator Robert F. Kennedy, as well as nephew of the 35th US President John F. Kennedy. His support comes at an important time for the American crypto industry, as the Securities and Exchange Commission (SEC) is cracking down on crypto businesses in the absence of a proper regulatory framework for digital assets in the US.
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