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Bitcoin Adoption: Presidential Candidate Kennedy Bought 3 BTC for Each of His Children

  • US presidential candidate Robert F Kennedy Jr. discloses to have purchased 21 Bitcoin for himself, and three coins for each of his kids since the start of his campaign. 
  • Speaking at a press conference, JFK assured that his administration would grant transactional freedom to Bitcoin in the purchasing of apples, coffees, etc. 

The 2024 US presidential race heats up as American voters face a similar set of choices as they did four years ago. For the crypto fraternity, this is the perfect opportunity to support and vote for a pro-crypto candidate in a bid to end the ongoing enforcement action against exchanges.

Taking advantage of that, Independent candidate Robert F. Kennedy Jr (RFK) has on multiple occasions declared his admiration of the asset class, disclosing his plans to put the entire US budget on the blockchain. Interestingly, this position has been asserted in most of his presentations and comprehensively reported by Crypto News Flash with the latest remark coming from his Thursday’s (May 30, 2024) press conference at Consensus 2024 in Austin. 

Speaking on the biggest issue facing the crypto industry in the US, RFK stated emphatically that transactional freedom has been the biggest challenge currently. According to him, US citizens need sovereignty over their wallets, transactional freedom, and a currency that is transparent. Once this is addressed, the US could be in a pole position of becoming a hub of blockchain technology. 

RFK Speaks on His Plans for Crypto or Bitcoin

Speaking to the audience, RFK assured that his government would regulate crypto in a way that consumers would be adequately protected from deceptive schemes. To show that his interest in the asset class transcends the campaign messages and presentations, RFK disclosed that he has purchased 21 Bitcoin since the start of his campaign. On top of that, he has purchased three BTCs for each of his kids.

Furthermore, he disclosed that his administration would make crypto a transactional currency, and would be used to make payments for things like apples, lunch, etc. 

My objective if elected president is that crypto is a transactional currency. That people can have transactional freedom. That people have a choice as to whether they can buy it. I think it should be treated as a currency; we shouldn’t be taxing it as capital gains. I think there are issues in how we do that. I believe that it should be a currency used to purchase things like apples, lunches and coffee and that people can do that.

Pro-Crypto Presidential Candidate Found Guilty of Crime

Similar to this position, presidential candidate Donald Trump has also embraced crypto, promising to “end Joe Biden’s crusade to crush the asset class.” According to him, his government would make sure that the future of Bitcoin is made in the US instead of overseas.

However, Trump has been found guilty on 34 counts of falsifying business records in a historic trial in New York. 

Commenting on that, RFK expressed his excitement about Trump’s new pro-crypto stance, claiming it is good for the country. However, he refused to comment on his guilty verdicts. 

I’m not going to question if it was a political decision. I’m happy he did it, and I hope President Biden does, too…”I’m going to talk about issues of broader concern. I want to focus on the economic issues and the health issues. That’s what my campaign is about. I’m not going to get dragged into the dirt pile. I don’t have any thoughts. I’ve been very disciplined in not talking about lawsuits against [Joe] Biden or Trump.

At press time, Bitcoin (BTC) was trading at $68k after surging by 0.5% in the last 24 hours and 1.6% in the last seven days. 

 

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