Democratic presidential candidate Robert F. Kennedy Jr. has pledged to progressively assist the USA Greenback with Bitcoin (BTC) if elected President.
Talking on the July 19 Heal-the-Divide PAC occasion, Kennedy claimed that backing the US greenback with “onerous foreign money” together with gold, silver, platinum or bitcoin might assist stabilize the US economic system once more. .
“Backing the greenback and US debt obligations with onerous property can assist restore greenback energy, rein in inflation, and usher in a brand new period of US monetary stability, peace and prosperity.”
Kennedy defined that the method could be gradual and that relying on the success of the plan, he would alter the quantity of assist for the greenback.
“My plan could be to begin very, very small; Maybe 1% of T-bills issued shall be backed by onerous foreign money akin to gold, silver, platinum or bitcoin,” he stated.
Moreover, Kennedy introduced that he would exempt the conversion of bitcoins to US {dollars} from capital good points taxes.
In his view, the proposed exemption would spur funding and encourage enterprises to develop their enterprise within the US as an alternative of different crypto-friendly jurisdictions akin to Singapore or Switzerland.
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Kennedy’s newest spherical of pro-Bitcoin feedback comes within the wake of his Might 19 look on the Bitcoin 2023 convention in Miami, the place he introduced he would settle for political marketing campaign donations in bitcoin.
On July 9, funding disclosures revealed that Kennedy owned $250,000 price of bitcoin, regardless of his earlier statements the place he denied any publicity to the asset.
RFK Jr. is considered one of a number of presidential candidates to make sweeping crypto-based guarantees. On July 14, Republican presidential candidate and Florida governor Ron DeSantis pledged to ban central financial institution digital currencies if elected president.
“If I am president, on day one we’ll finish central financial institution digital foreign money. Full. useless. That is not occurring on this nation,” DeSantis stated.
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