Robert F. Kennedy – a US presidential candidate from the Democratic party and an outspoken proponent of the cryptocurrency industry – revealed ownership of between $100,001 and $250,000 worth of bitcoin.
The disclosure comes approximately two months after the Miami BTC conference, where he said he is not a crypto investor.
Kennedy has Over 3 BTC
According to a financial disclosure report seen by CNBC, the Kennedy family held $250K in bitcoin as of June 30. While this may be another example outlining the American’s pro-crypto stance, some may argue that the situation may cause a conflict of interest.
Kennedy attended the Miami Bitcoin conference in May this year and told people that he did not invest in the main digital asset. On the other hand, he assured that he will accept BTC donations for his political campaign.
“I’m not an investor, and I’m not here to give investment advice,” he said at the time.
Former Democratic Rep. Dennis Kucinich – who acted as Kennedy’s campaign manager – admitted that the BTC purchase took place after the speech and before the June 30 filing deadline.
The list of American politicians who hold the leading digital asset does not end with John F. Kennedy’s nephew. US Senator Cynthia Lummis bought between $50,001 to $100,000 worth of bitcoin by the summer of 2021. It is worth mentioning that he jumped on the bandwagon in 2013 when BTC was worth only $300 each. Senators Pat Toomey and Ted Cruz also joined the ecosystem.
Presidential candidate and current mayor of Miami – Francis Suarez – went even further, receives his salary in bitcoin rather than 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 promotes many conspiracy theories about COVID-19 and the vaccination program.
Kennedy is also in favor of the cryptocurrency sector and against the actions of the US Federal Reserve. she PROMISE to impose BTC-friendly laws if he becomes 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.”
In addition, he assured that his cabinet will only implement the necessary control of the industry (to prevent money laundering) and will not interfere with its development.
Central bank digital currencies (CBDC) are unlikely to receive much support if Kennedy wins the election because he has described them as financial tools used for “oppression.”
After all, he Denounced the US Fed, which suggests that it is working with some banks to print a considerable amount of money between 2008-2022. According to him, this negatively affects the American economy, while BTC can serve as “an escape route from the splatter zone.”
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