Sunday, July 14, 2024

If elected as the President of the United States, Robert F. Kennedy Jr. pledges to put an end to the existing governmental stance against bitcoin. “My administration will safeguard bitcoin, ensure personal wallet security, terminate the ongoing hostility toward bitcoin from the White House, and promote as well as secure transactions,” stated the presidential contender.

Kennedy Jr.’s Commitments on Bitcoin

In a recent conversation with Bitcoin Magazine, Robert F. Kennedy Jr., a descendant of political heavyweights—being the son of former U.S. Attorney General and Senator Robert F. Kennedy and the nephew of former President John F. Kennedy—touched upon a range of subjects, including his views on bitcoin.

The would-be President avowed the following:

“My administration will safeguard bitcoin, ensure that individuals can maintain their own digital wallets, cease the White House’s current confrontational policy towards bitcoin, and actively promote secure transactions.”

Further elaborating his stance, Kennedy Jr. mentioned that his aim is to “consider bitcoin more as a currency than as a commodity, especially for those who own smaller amounts.”

On the implementation of these policy commitments, Kennedy Jr. clarified: “I plan to exercise my authority over Treasury policy to the fullest extent possible without requiring congressional approval.” He continued:

“Many of the detrimental policies affecting bitcoin are not a result of legislative action but stem from executive policies. Thus, my administration will put an end to this hostility.”

When queried about his concerns related to governmental control over bitcoin mining, Kennedy Jr. expressed: “I am gravely concerned about the array of governmental assaults on bitcoin. My objective is to introduce Treasury bonds that are backed by a basket of hard assets—which could include bitcoin, platinum, gold, silver, and other tangible assets.”

Kennedy Jr. recounted that his interest in bitcoin escalated after witnessing the government’s actions during the Ottawa truckers’ protest. Peaceful demonstrators were subject to stringent punitive measures, such as having their bank accounts frozen without formal charges or convictions. “Authorities employed surveillance methods to identify these individuals, pinpoint their vehicles via license plate recognition, and subsequently freeze their financial assets—solely as a means to silence them,” he outlined.

Kennedy Jr. warned, “I’ve come to realize the critical nature of transactional freedom, comparable to the freedom of speech. I observe a trend toward central bank digital currencies [CBDCs], granting states unprecedented control over our lives, including life-and-death power.” He added:

“It has become clear to me that there is a need for a form of currency that serves as a freedom currency, one that is autonomous and not subject to governmental control.”

What are your thoughts on Robert F. Kennedy Jr.’s pledges concerning bitcoin should he secure the presidential office? Kindly share your views in the comments section below.

Frequently Asked Questions (FAQs) about Robert F. Kennedy Jr. Bitcoin Policy

What is Robert F. Kennedy Jr.’s stance on Bitcoin if he becomes President of the United States?

Robert F. Kennedy Jr. has pledged to cease the White House’s current adversarial approach towards Bitcoin. He promises to safeguard the digital currency, ensure the security of individual digital wallets, and promote secure and protected transactions.

How does Robert F. Kennedy Jr. plan to implement his Bitcoin policy?

Kennedy Jr. intends to exercise his authority over Treasury policy to the fullest extent possible without the need for congressional approval. He states that many of the current detrimental policies affecting Bitcoin stem from executive actions rather than legislation, and thus could be changed at the administrative level.

Is Robert F. Kennedy Jr. concerned about government control over Bitcoin mining?

Yes, Kennedy Jr. is gravely concerned about various governmental assaults on Bitcoin. He aims to introduce Treasury bonds backed by a basket of hard assets, which could include Bitcoin, platinum, gold, silver, and other tangible assets.

What motivated Robert F. Kennedy Jr.’s interest in Bitcoin?

Kennedy Jr.’s interest in Bitcoin escalated after observing the government’s actions during the Ottawa truckers’ protest, where peaceful demonstrators had their bank accounts frozen without formal charges or convictions. This led him to realize the critical importance of transactional freedom, comparable to freedom of speech.

What is Robert F. Kennedy Jr.’s view on the role of central bank digital currencies (CBDCs)?

Kennedy Jr. cautions that there is a trend toward the development and implementation of CBDCs, which could potentially grant states unprecedented control over individual lives. He warns that this could lead to a situation where states have life-and-death power over citizens.

What is Robert F. Kennedy Jr.’s ultimate aim concerning financial currencies?

His ultimate aim is to establish a form of currency that serves as a “freedom currency,” which is autonomous and not subject to governmental control. He believes that this is essential for preserving individual freedoms and limiting state power.

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