Robert F. Kennedy Jr. Presidential Candidacy Could be Crucial to Crypto

Joshua Ramos
Source: CNN

Well-known environmental lawyer Robert F. Kennedy Jr. has reportedly filed paperwork to solidify his presidential candidacy in 2024, which could be crucial for crypto. Specifically, Kennedy has been outspoken about his stance on both Central Bank Digital Currency (CBDC) and its impact on Bitcoin.

Finbold reported Kennedy’s filings with the Federal Election Commission to run for president next year. Additionally, following confirmation from his campaign treasurer John E. Sullivan, the crypto community has taken notice.

Kennedy Presidential Campaign and the Crypto Debate

The economic state of the US is certainly a concerning one for a myriad of factors. Yet, as macroeconomic pressures continue, and the potential for a national debt default is still on the horizon, the debate surrounding the digital asset industry remains a vital aspect of discourse.

Now, Robert F. Kennedy has filled out paperwork to begin his presidential candidacy that could be crucial for crypto. Specifically, Kennedy has been outspoken about his stance on the potential implementation of a CBDC and the Federal Reserve’s newly revealed FedNow service.

Source: Spectrum News

Addressing the FedNow CBDC launching in July, Kennedy stated the development to be a “slippery slope to financial slavery and political tyranny.” Additionally, Kennedy remarked that the governmental control of finances with a CBDC could be “the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago,” in 1933.

The perspective shared by Kennedy is one echoed by many in the digital asset sector. Yet, what is important is that the potential presidential candidate will maintain crypto as a point of conversation. Following the closure of crypto banks a month ago and the regulatory crackdown, the industry must maintain a voice.