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No conflict of interest
Robert F. Kennedy Jr. (hereafter referred to as Mr. Kennedy), who has announced his candidacy as a Democratic candidate in the 2024 U.S. presidential election, has a large amount of crypto assets (virtual currency) Bitcoin. It was revealed from the asset disclosure documents. CNBC reported.
According to an asset disclosure report filed with the Office of Government Ethics on June 30, Mr. Kennedy and his family had $100,000 to $250,000 worth of bits in their brokerage accounts. holding coins. The timing of the Bitcoin purchase was not specified, and the Kennedy family reportedly earned less than $201 from the purchase.
In May of this year, Kennedy announced his support for Bitcoin in a keynote speech at the conference “Bitcoin 2023” held in Miami, USA, and announced that he would accept Bitcoin donations for election campaigns. However, he said he is not a bitcoin investor and does not give investment advice.
The chief ethics adviser to the Washington, D.C.-based watchdog group Citizens for Responsibility and Ethics said that while Kennedy endorsed Bitcoin in the election, he or a close family member held Bitcoin. If so, it points out that it could be a conflict of interest.
Meanwhile, Kennedy’s campaign director, Dennis Kucinich, said the Kennedy family’s purchase of bitcoin took place no later than June 30 after Kennedy’s speech in Miami, where he endorsed bitcoin. argued that there was no conflict of interest.
Kennedy’s campaign initially told CNBC that the Bitcoin investment was made by his wife Cheryl Hines, not Kennedy, but later corrected that it was Kennedy himself. However, at the time of the Bitcoin conference, he emphasized that he did not own Bitcoin.
Reasons to support Bitcoin
Robert F. Kennedy Jr. is the nephew of the 35th President of the United States, John F. Kennedy (JFK), who was assassinated in 1963. JFK’s younger brother, Robert F. Kennedy, served as Attorney General in the Kennedy administration and was assassinated in 1968 while campaigning for the Democratic presidential nomination.
In his keynote speech in May, Kennedy said that the trigger to understand the value of Bitcoin was the fact that the Trudeau administration in Canada launched a firm protest against the country’s coronavirus policies, including mandatory vaccines. He said it was freezing.
It was only when I saw this catastrophe, the devastating government crackdown, that I realized for the first time that free money is as important as freedom of expression.
“Bitcoin is a safeguard against government and corporate expansion and intrusion,” Kennedy said. He said, “Owning bitcoins is the result of exercising freedom, and at the same time, it is a guarantee of freedom.” emphasized that it is guaranteed that
connection:US Presidential Candidate to Accept Bitcoin Donations
Ahead of his Miami speech, Kennedy noted that virtual currencies and cryptographic technology, represented by Bitcoin, are major innovation drivers. He criticized the Biden administration’s 30% tax on mining, saying it was wrong for the government to become a drag on the industry and stifle innovation.
Cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine. It is a mistake for the US government to hobble the industry and drive innovation elsewhere. Biden’s proposed 30% tax on cryptocurrency mining is a bad idea.
—Robert F. Kennedy Jr (@RobertKennedyJr) May 3, 2023
While the energy cost of mining is a concern, it is also exaggerated, he said, adding that environmental issues “are a discriminatory pretext to crack down on those who threaten elite power structures.”
He also argued that just as ecosystems rich in biodiversity are highly resilient systems, so too should the economy “by having an ecosystem of diverse currencies rather than a single centralized currency, It will be a more resilient system,” he said. Today, he said, we are witnessing vulnerabilities in overly centralized systems.
Kennedy also opposes Central Bank Digital Currencies (CBDCs).
This is because it could “significantly increase the government’s ability to suppress disagreements by cutting off access to funds at the touch of a keyboard.”
That is why he supports bitcoin, which can be traded without government interference, to protect democracy from powerful vested interests, he explained.
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