Robert F. Kennedy Jr., John F. Kennedy’s nephew, criticised the SEC for a ‘war on crypto’

Robert F. Kennedy Jr., nephew of the 35th US president John F. Kennedy, criticised SEC and FDIC for a ‘war on crypto’ that has sparked a banking crisis in the country.

Ellen Brown makes a strong case the FDIC/SEC war on crypto caused failures of SVB, Signature, and Silvergate banks. FDIC and SEC have no authority to wage an extra-legal war on crypto that leaves major banks as collateral damage. #Kennedy24https://t.co/HMZuW7Rr1H

— Robert F. Kennedy Jr (@RobertKennedyJr) May 2, 2023

“Ellen Brown makes a compelling case that the SEC/FDIC war on crypto led to the collapse of the banks SVB, Signature Bank and Silvergate,” he wrote in support of the article “How the War on Crypto Provoked the Banking Crisis”.

According to the US presidential candidate, the SEC and FDIC lack the authority to wage a ‘war on crypto’ that leaves major banks as collateral damage.

In April, Kennedy Jr. criticised CBDC, describing it as ‘the ultimate mechanism of social monitoring and control’. He was joined by Florida Governor Ron DeSantis.

In the same month, House Republican Leader Tom Emmer criticised the approach of SEC Chair Gary Gensler to oversight of digital assets.

In March, Coinbase CEO Brian Armstrong said that the SEC’s regulatory policy toward cryptocurrencies could negatively affect the United States’ financial position.