Home Editor's Pick RFK Jr. Criticizes Biden’s Crypto Hostility & Pledges Support for Crypto at Consensus 2024

RFK Jr. Criticizes Biden’s Crypto Hostility & Pledges Support for Crypto at Consensus 2024

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TLDR

Robert F. Kennedy Jr., a U.S. presidential candidate, spoke at Consensus 2024 and expressed support for cryptocurrencies, emphasizing the need for transactional freedom and transparency.
Kennedy believes that crypto should be treated as a currency and exempt from capital gains tax, and he plans to regulate cryptocurrencies to protect consumers from fraudulent schemes.
He criticized the Biden administration’s “hostility” towards crypto, claiming that U.S. laws have driven crypto companies abroad, and pledged to end this hostility if elected president.
Kennedy abstained from commenting on Donald Trump’s recent conviction but lauded Trump’s pro-crypto stance, hoping that President Biden would also support crypto innovation.
The presidential candidate believes that blockchain technology and cryptocurrencies can power a democratized market economy where individuals control their wealth outside government interference.

Robert F. Kennedy Jr., a U.S. presidential candidate running as an independent, expressed his strong support for cryptocurrencies during a press conference at Consensus 2024 in Austin, Texas.

Kennedy emphasized the importance of transactional freedom and transparency, stating that a commitment to crypto is a commitment to these values.

The presidential hopeful criticized the current administration’s “hostility” towards cryptocurrencies, claiming that U.S. laws have driven crypto companies to seek more favorable regulatory environments in countries like Switzerland and Singapore.

If elected, Kennedy pledged to end this hostility and ensure that America remains the hub of blockchain technology.

Kennedy believes that cryptocurrencies should be treated as a currency and exempt from capital gains tax. He plans to regulate the industry in a way that protects consumers from fraudulent schemes while encouraging the growth of truly decentralized currencies.

The candidate also stressed the need for individuals to have sovereignty over their wallets and the ability to choose whether to buy and use digital currencies for everyday purchases.

When asked about Donald Trump’s recent pro-crypto stance, Kennedy praised the shift in perspective, hoping that President Joe Biden would follow suit in supporting crypto innovation.

However, he refrained from commenting on Trump’s recent conviction on 34 counts of falsifying business documents.

Kennedy’s vision for the future of crypto includes a democratized market economy powered by blockchain technology, where individuals have control over their wealth without government interference.

He cited the Canadian government’s freezing of fiat and crypto assets during the “Freedom Convoy” protests as a reason for needing financial sovereignty.

The presidential candidate’s remarks at Consensus 2024 echo the sentiments of industry experts who believe that the crypto voting block may play a crucial role in the upcoming presidential elections.

A recent poll found that over 44% of voters either own digital assets or consider blockchain policies when deciding between candidates.

The post RFK Jr. Criticizes Biden’s Crypto Hostility & Pledges Support for Crypto at Consensus 2024 appeared first on Blockonomi.

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