Breaking: Robert F. Kennedy Jr. to simply accept marketing campaign donations in Bitcoin

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Democratic presidential candidate Robert F. Kennedy Jr. would be the first presidential candidate in United States historical past to simply accept marketing campaign donations in Bitcoin, making his first look as a presidential candidate on the crypto convention. He praised the cryptocurrency as a “image of democracy and freedom” in the course of the occasion. 

“At present, we present the world the ability and the sturdiness and the flexibleness of Bitcoin. […] Nearly everybody on this room is conscious of the hyperlink between Bitcoin and democracy and freedom. […] They’re passionate due to the deep illustration of a deep want that we have now for liberty and democracy and the promise that this innovation has to ensure these virtues.”

RFK Jr. making the Bitcoin donation acceptance announcement at Bitcoin 2023 in Miami. Supply: Sam Bourgi by way of Cointelegraph 

The candidate — who’s difficult President Joe Biden — has been sharing his libertarian views about cryptocurrencies on Twitter. In a publish on Could 3, RFK Jr. acknowledged that “crypto applied sciences are a serious innovation engine,” including that the U.S. is hobbling the trade and driving “innovation elsewhere.” 

By attending the Bitcoin occasion, RFK Jr. is just not solely concentrating on voters but in addition a possible supply of hundreds of thousands of {dollars} in donations. Throughout final yr’s midterm elections, Sam Bankman-Fried, former CEO of now-bankrupted crypto change FTX, donated $40 million in assist of candidates. Crypto change Coinbase has additionally been actively lobbying for laws regulating the crypto house within the nation.

RFK Jr.’s elevated dedication to cryptocurrencies coincides with a decent regulatory atmosphere within the U.S., spreading uncertainty amongst gamers and harming an already battered trade.

The candidate believes the U.S. economic system may very well be extra resilient if it has a various ecosystem of currencies:

“Simply as a biodiverse ecosystem is a resilient ecosystem, so too will our economic system be extra resilient if it has a various ecology of currencies, not only a single, centrally managed one. We’re seeing right this moment how fragile our over-centralized system is.”

Journal: Crypto regulation — Does SEC Chair Gary Gensler have the ultimate say?