spot_imgspot_imgspot_img

Bitcoin Supporter and U.S. Presidential Candidate Kennedy Reveals Plans for BTC!

- Advertisement -spot_img
  • In an interview, presidential candidate Kennedy stated his intention to “end the current White House’s war on Bitcoin.”
  • Interestingly, Kennedy is not only a Bitcoin advocate but also an investor in the token, with holdings of up to $250,000 in BTC.
  • In July, he expressed his plans to back BTC with the U.S. dollar and make BTC conversions into USD tax-exempt under his administration.

U.S. presidential candidate Robert F. Kennedy Jr., continuing his support for Bitcoin, has revealed his goals and intentions for BTC in the future.

What Does Presidential Candidate Kennedy Aim to Achieve with Bitcoin?

Bitcoin-BTC

Bitcoin supporter and U.S. presidential candidate Robert F. Kennedy Jr., who has previously advocated for the leading cryptocurrency BTC on various occasions, is now pledging to “end the current White House’s war on Bitcoin” in an interview. This statement appears to reference the government’s anti-crypto stance concerning Bitcoin and other cryptocurrencies.

Public perception suggests that the government is pressuring the crypto industry and stakeholders instead of promoting cryptocurrencies. However, Kennedy intends to change this and create an environment where people can protect their wallets (their self-preservation) and ensure the security of transactions, which may encourage the use of Bitcoin and other cryptocurrencies.

Interestingly, Kennedy is not just a Bitcoin advocate but also an investor in the token, with holdings of up to $250,000 in BTC. He also facilitates others’ entry into the leading cryptocurrency, as he stated in July that he purchased two BTC for each of his seven children.

Additionally, besides ending the White House’s war on Bitcoin, the presidential candidate wants Bitcoin (and possibly other cryptocurrencies) to be recognized as money rather than a commodity. This would exempt Bitcoin from capital gains taxes, as cryptocurrencies primarily considered property or investments are usually subject to taxation on gains from sales.

This is not the first time Kennedy has made such a claim. In July, he stated his plans to back BTC with the U.S. dollar and make BTC conversions into USD tax-exempt under his administration.

Crypto and Politics

Cryptocurrencies have taken center stage ahead of next year’s presidential elections. Notably, Kennedy is not the only candidate to reveal plans to halt the “war” on Bitcoin.

Republican presidential candidate Ron DeSantis has pledged to protect people’s right to own cryptocurrencies and, if elected, end the “Bitcoin war” started by Biden’s administration. He argued that the current administration viewed cryptocurrencies as a “threat” due to their decentralized nature.

While these candidates continue to court the growing pro-crypto American voter base, many may remain skeptical, fearing that these candidates are merely pandering to this specific voter group without any real intention of implementing crypto-friendly policies. However, a former SEC lawyer hinted that crypto regulation in the country could indeed be political and implied that the chances of a Republican candidate winning next year are higher.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.
spot_imgspot_imgspot_imgspot_img

Latest News

Dollar Rebounds as Bitcoin Surges Past $42,000 Amid Rate Cut Speculations!

Amid fluctuating market sentiments and regulatory expectations, the U.S. dollar regains strength while Bitcoin breaches the $42,000 mark, reflecting shifting dynamics in global financial markets.

Solana’s TVL Surges to $600M: A Catalyst for SOL’s Price Movement!

Amidst a transformative wave in decentralized finance, Solana's TVL balloons to over $600 million, raising questions about its impact on the price of SOL and the broader DeFi landscape.

December 4th Current Bitcoin Price Forecast: Technical Indicators and On-Chain Data!

Bitcoin's price reached $42,000: Will the price of Bitcoin reach $50,000 in December?

Stocks in US Markets Gain Strength from Bitcoin: How Much Did Each Stock Rise?

Crypto stocks and Bitcoin ETFs gained momentum, drawing strength from the rapid rise in Bitcoin's price: Which stocks and ETFs gained?

Former SEC Official Comments on Recent Bitcoin Price Surge

While former SEC Internet Enforcement Office Chief, John Reed Stark, criticizes the recent rally in Bitcoin's price, maximalists remain steadfast!
spot_imgspot_imgspot_imgspot_img

PRO Analysis

WOO Coin Whales Await Critical Zone for Spot Buying! Current WOO Analysis

WOO coin has the potential for an upward movement as long as it stays above $0.2096. However, the long-term spot buying zone in the range of $0.1905 to $0.1848 stands out as a critical support. Investors should carefully monitor these levels to determine their strategies.

Bitcoin Could Extend Its Decline to Critical Support! Updated BTC Analysis

Bitcoin is approaching the $36,700 support zone. A decline may be expected below $35,500, while an upward movement can be anticipated above $36,600. However, if the $37,700 resistance is not overcome, the downward trend may persist. Investors should closely monitor the specified levels.

AGIX Coin Investors: What Level Should They Await for Spot Investments? Updated AGIX Analysis

AGIX may initiate an uptrend by surpassing the daily resistance level. However, in the event of a decline, the designated support zone can be a significant buying point. Investors should carefully monitor the stop zone.

Is ARB Coin in a Suitable Zone for Spot Investments? Updated ARB Analysis

ARB is showing an upward movement with a buying response from support levels. The specified support range is crucial in the event of a decline for long-term investments. However, the downtrend may persist unless there is a closing above $1.20.

OCEAN Whales Await This Critical Level for Long-Term Purchases! Updated OCEAN Analysis

Ocean coin may sustain its upward trend with daily closes above the $0.4477 resistance. The range of $0.3356 - $0.3121 stands out as a buying zone for long-term investors.
Celal Mutlu
Celal Mutluhttps://coinotag.com/
Celal Mutlu is a young Satoshi reflection at the age of 21. His favorite characters are CZ and Vitalik, and he has a great sense of humor. Celal is a keen follower of developments in the world of cryptocurrency and keeps up with the latest news and trends.
spot_imgspot_imgspot_imgspot_img

Dollar Rebounds as Bitcoin Surges Past $42,000 Amid Rate Cut Speculations!

Amid fluctuating market sentiments and regulatory expectations, the U.S. dollar regains strength while Bitcoin breaches the $42,000 mark, reflecting shifting dynamics in global financial markets.

Solana’s TVL Surges to $600M: A Catalyst for SOL’s Price Movement!

Amidst a transformative wave in decentralized finance, Solana's TVL balloons to over $600 million, raising questions about its impact on the price of SOL and the broader DeFi landscape.

December 4th Current Bitcoin Price Forecast: Technical Indicators and On-Chain Data!

Bitcoin's price reached $42,000: Will the price of Bitcoin reach $50,000 in December?

LEAVE A REPLY

Please enter your comment!
Please enter your name here