Democratic presidential candidate Robert F. Kennedy Jr. (RFK) would be the first presidential candidate in United States historical past to just accept marketing campaign donations with 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.
“In the present day 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’ve for liberty and democracy, and the promise that this innovation has to ensure these virtues.”
The candidate — who’s difficult Joe Biden — has been sharing his libertarian views about cryptocurrencies on Twitter. In a publish on Might 3, RFK acknowledged that “crypto applied sciences are a significant innovation engine,” including that the US is hobbling the trade and driving “innovation elsewhere.”
By attending the Bitcoin occasion RFK isn’t solely concentrating on voters, but in addition a possible supply of thousands and thousands of {dollars} in donations. Throughout final yr’s midterm elections, Sam Bankman Fried, former CEO of now-bankrupted crypto alternate FTX, donated $40 million in assist of candidates. Crypto alternate Coinbase has additionally been actively lobbying for laws regulating the crypto house within the nation.
RFK’s elevated dedication to cryptocurrencies coincides with a decent regulatory atmosphere in the US spreading uncertainty amongst gamers and harming an already battered trade.
The candidate believes the US economic system could possibly 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.”
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