U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has made a bold promise to halt the White House’s adversarial stance toward bitcoin should he secure the presidency. In an interview with Bitcoin Magazine, RFK Jr., who hails from the influential Kennedy family, discussed various topics, including his vision for bitcoin in the United States.
RFK Jr. articulated his commitment to safeguarding bitcoin, enabling individuals to retain control of their wallets, and putting an end to the ongoing White House’s “war on bitcoin.” He emphasized his intention to encourage and protect bitcoin transactions, further declaring his intent to potentially recognize bitcoin as a currency rather than merely a commodity, especially for smaller bitcoin holders.
When questioned about the mechanisms to implement these policies, Kennedy outlined his plan to enact these changes without Congress, primarily through his influence over Treasury policy. He highlighted that many adverse policies affecting bitcoin emanate from the White House and not legislation, and he is determined to bring an end to this antagonism.
Kennedy also voiced his concerns regarding the government’s influence over bitcoin mining and proposed the issuance of Treasury bills backed by hard assets, which could include bitcoin, gold, silver, platinum, and others, as a means to diversify and safeguard the financial system.
His interest in bitcoin surged during the Ottawa truckers’ strike, where he witnessed government actions infringing on individual rights, including bank account closures without charges or convictions. This prompted Kennedy to recognize the importance of financial freedom, drawing parallels between freedom of transaction and freedom of speech. He cautioned against the emergence of central bank digital currencies (CBDCs) and their potential to grant governments excessive power over individuals’ lives.
In RFK Jr.’s view, there is a pressing need for a “freedom currency” that remains independent and impervious to government control, serving as a safeguard against potential encroachments on personal liberties. His presidential campaign hinges on these principles, signaling his determination to reshape the government’s approach to cryptocurrency and financial freedom if he attains the highest office in the land.