US presidential candidate outlines plans to back Bitcoin

Robert F. Kennedy Jr., nephew of the 35th president and a participant in the current presidential race, outlined his political plans regarding the first cryptocurrency and citizens’ financial independence in an interview with The New York Post.

The candidate pledged to make decisions that “support Bitcoin and the freedom to transact, allowing people to control their wallets, nodes and passwords”.

He noted that he would create a light regulatory environment in the United States that would provide only “strict anti-money-laundering controls”.

Kennedy spoke out against the digital dollar. In his view, it carries a risk of repressive control and could be misused.

“I oppose central bank digital currencies, because they are instruments of control and oppression, and they will surely be abused,” the politician explained.

Another major issue he named was finding ways to regulate AI technologies globally. Citing remarks by billionaire Elon Musk, he noted that “AI will take jobs first, and then kill us”.

In April, Kennedy stated that Bitcoin and other digital assets serve as an alternative to the traditional financial system.

In May the presidential candidate began accepting donations in the first cryptocurrency and, during the Bitcoin 2023 conference, called it “a symbol of democracy and freedom”. In addition, he criticised American regulators for a “war against cryptocurrencies” that led to a banking crisis in the country.

In June, Coinbase CEO Brian Armstrong called the upcoming US elections a pivotal moment for crypto regulation.

Earlier, Block CEO Jack Dorsey expressed support for Robert F. Kennedy Jr.