In a recent Twitter post, US Presidential candidate Robert F. Kennedy Jr. warns that the Federal Reserve’s newly announced FedNow CBDC will bring about “Financial Slavery and political tyranny.” Moreover, the environmental lawyer discussed the ways in which the government-developed digital currency could threaten financial freedom.
The statement follows Kennedy’s recent filing of documents with the US Federal Election Commission this month. Subsequently, the filing indicates that Kennedy will be eligible to run for the presidency as a Democratic candidate in 2024.
US Presidential Candidate Attacks FED CBDC
The nephew of former US president John F. Kennedy, Kennedy is an environmental lawyer who is now a presidential hopeful. Specifically, he has previously gained some notoriety through his firm stance on vaccine mandates. Now, he’s turning his attention toward digital assets.
Specifically, the 2024 US Presidential Candidate Robert F. Kennedy has spoken out about the Federal Reserve’s newly announced FedNow CBDC. Moreover, stating the implementation of digital currency could bring about “financial slavery and political tyranny.”
In a Twitter post, Kennedy voiced his frustration with the new FED announcement. He states that the anonymity of cash transactions is no more with the overarching adoption of a government-surveilled CBDC. Additionally, he stated, “The central bank will have the power to enforce dollar limits on our transactions restricting where you can spend money, where you can spend it, and when money expires.”
Conversely, Kennedy also voiced concern about the CBDC as the first step toward the elimination of Bitcoin. “The FED will initially limit its CBDC to interbank transactions but we should not be blind to the obvious danger that this is the first step in banning and seizing bitcoin as the treasury did with gold 90 years ago,” in 1933.