Renowned political figure Robert F. Kennedy Jr. took center stage at Consensus 2024 in Austin, Texas, where he delved into the topic of crypto regulation in the United States. Expressing his commitment to safeguarding America’s position as a blockchain technology hub, Kennedy emphasized the need for consumer protection against fraudulent schemes in the cryptocurrency realm. He stressed the importance of “transactional freedom” and called for transparency in currency. In a surprising revelation, Kennedy disclosed that he had purchased twenty-one bitcoins during his campaign and also gifted three coins to each of his children.
Prior to his speech, Kennedy’s opponent, Donald Trump, had been found guilty on 34 felony counts of falsifying business records. However, Kennedy chose to focus on broader issues and refrained from commenting on the verdict, stating that his campaign was centered around economic and health concerns rather than engaging in mudslinging or discussing lawsuits against Trump or Biden.
Meanwhile, Trump has been actively discussing crypto recently, making it evident that he supports the concept. Kennedy welcomed this stance, considering it a positive step toward freedom and transparency. He expressed his satisfaction with Trump’s commitment to crypto and expressed hope that President Biden would follow suit.
If elected, Kennedy plans to establish crypto as a transactional currency, challenging the current treatment of crypto as property for federal income tax purposes. He believes that crypto should not be subjected to capital gains tax and should be treated as a currency instead.
During his appearance at Consensus 2024, Kennedy shed light on his decision to run for President. Reflecting on the impact of the COVID-19 pandemic and the government’s response, he expressed his disagreement with the shutdown of the economy and the violation of constitutional rights. Witnessing the erosion of traditional values and the prevalence of censorship, Kennedy felt compelled to preserve and showcase the true essence of America. He believed he could play a unique role in reminding people of what their country was meant to be.
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