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Robert Kennedy Jr at Consensus 2024: Crypto is freedom, transparency
Independent US presidential candidate Robert F. Kennedy Jr has said that freedom of transaction through cryptocurrencies must be protected to ensure economic growth.
Commenting Donald TrumpAfter Trump’s U-turn on cryptocurrency policy, Kennedy Jr lauded the renewed vision and implored the President Joe Biden stand with innovation in America by supporting cryptocurrencies. “I won’t question whether it was a political decision, I’m happy he did it and I hope President Biden does too,” the politician said.
Kennedy Jr refrained from commenting on Trump’s sentencing as industry observers pondered the impact the court ruling could have on the pro-crypto Republican candidate.
The presidential candidate added that more figures like the SEC chairman Gary Gensler should recognize and encourage decentralized currencies like Bitcoin (Bitcoin), which offer a solution to the diluted monetary instruments currently overshadowing the US capital ecosystem.
Blockchain technology and cryptocurrencies can fuel a democratized market economy where investors and individuals control their own wealth outside of government interference, according to Kennedy Jr’s comments at Consensus 2024.
Robert F Kennedy, Jr., Independent, US Presidential Candidate, Michael Casey, President, Consensus 2024, CoinDesk, RFK Jr. on Bitcoin, Freedom and Outsider Politics, Mainstage, Consensus 2024 by CoinDesk, Austin, USA
The road ahead
Kennedy Jr said the government must ensure digital asset ownership, sovereign wallet control and consumer protection from scams like FTX by creating a clear cryptocurrency regulatory framework.
According to the politician, cryptocurrencies should also be treated as currency and exempt from capital gains. Fair digital asset policies mean that people “have the choice to purchase” these virtual currencies and use them to settle purchases.
Kennedy Jr’s speech reinforced the observations of experts such as Coinshare Chief Strategy Officer Meltem Demirors and the founder of A16z Crypto Chris Dixonwho said that crypto voting blocking could be crucial to this year’s presidential election.
A survey found that more than 44% of voters own digital assets or take blockchain policies into account when deciding between candidates.
Regardless of the election outcome in the United States, it is unclear whether cryptocurrency regulations will be passed this year. Congressman Tom Emmer said Participants agree that a late-year Senate session could be the best chance to adopt decisive rules on digital assets before next year.