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Robert F. Kennedy Jr. discusses the problems facing cryptocurrency regulation in the U.S

It underscores the need for a clear and friendly regulatory framework that provides security for investors while supporting technological advances and the adoption of digital assets.

Date: 2024-05-31 Author: Marek Stiller
Robert F. Kennedy Jr. discusses the problems facing cryptocurrency regulation in the U.S

Independent U.S. presidential candidate Robert F. Kennedy Jr. spoke on stage Thursday at Consensus 2024 in Austin, Texas, discussing regulation of cryptocurrencies.

“We need to make sure that America remains the center of blockchain technology. I’m going to make sure that cryptocurrency is regulated in a way that protects the consumer from deceptive schemes,” Kennedy said at Consensus 2024.

He stressed that “transactional freedom” is important. What is needed is “sovereignty over our wallets, freedom of transactions and transparency of the currency.” “Since the beginning of this campaign, I have bought twenty-one bitcoins. I also bought three coins for each of my children,” – Kennedy said.

Just before Kennedy began speaking on stage, opponent Donald Trump was found guilty on all 34 felony counts of falsifying business records. Commenting on Trump’s conviction, however, Kennedy remained classy.

“I will talk about issues of broader interest. I want to focus on economic and health issues – that’s what my campaign is about, I’m not going to get caught up in a pile of garbage. I don’t have any thoughts. I’ve been very disciplined, not to mention the lawsuits against Biden and Trump,” Kennedy said.

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Kennedy’s opponent, Trump, has recently been active in speaking out about cryptocurrencies, making his commitment clear.

“I welcome it, I think it’s a good thing for our country. Commitment to cryptocurrencies means commitment to freedom and transparency. I’m not going to question whether it was a political decision, I’m glad he did it, and I hope President Biden does too.”

Kennedy plans to create a cryptocurrency as a transaction currency

If elected, Kennedy said he plans to make cryptocurrency a transaction currency. Cryptocurrencies are treated as property for federal income tax purposes in the US. They are subject to capital gains tax and income tax.

“I think [cryptocurrency] should be treated as currency, we shouldn’t tax it as capital gains,” – Kennedy said.

What made Kennedy run for president

At Consensus 2024, Kennedy talked about why he decided to run for president.

“When I was younger, I played with politics. I saw what happened during Covid-19 and when the government shut down the economy. I thought it was bad. The government shut down every church, attacked the Fifth Amendment, shut down businesses without due process… shut down jury trials, violated prohibitions, and I saw this attack on the Constitution and censorship, not just for me, but for many people who tried to talk.”

“I saw this and it seemed unethical in my country. All those traditional values of my party and my country were fading away, and I felt I could play a unique role in showing people what America should look like,” -kennedy added.

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Marek Stiller
Marek Stiller
Founder of the "Cryptocurrency for Beginners" channel on YouTube. He collaborates with Łukasz to form the Arena Trading group, while at the same time being passionate about blockchain technology. His knowledge and experience in the cryptocurrency industry help beginner investors better understand this dynamic market.
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