By the end of June, holdings of the first cryptocurrency owned by RFK Jr., the nephew of the 35th U.S. president and a current presidential candidate, stood at between $100,001 and $250,000. This is evidenced by a CNBC financial report found.
According to the documents, the investments yielded the politician less than $201. It is not specified who precisely bought the digital asset, but Kennedy’s representatives confirmed that the funds belong to him personally.
Information about the candidate’s crypto investments appeared after, in May, he announced the start of accepting donations in Bitcoin. At the Bitcoin 2023 conference Kennedy called the digital assets ‘a symbol of democracy and freedom’, while denying his investments in cryptocurrency.
“I am not an investor, and I am not here to give investment advice,” said the candidate.
In April Kennedy called Bitcoin an alternative to the traditional financial system. In addition, he criticized American regulators for the ‘war on cryptocurrencies’, which led to a banking crisis in the country.
As president, the politician promised to take decisions that ‘will support Bitcoin and the freedom to transact, allowing people to manage their wallets, nodes and passwords’. In his words, the country will create a simple regulatory environment that provides only ‘rigorous anti-money-laundering controls’.
In June, Coinbase CEO Brian Armstrong called the upcoming US elections a key moment for crypto regulation.
Earlier, support for RFK Jr. Kennedy — the younger expressed by Block founder Jack Dorsey.