July 11, 2023

Robert F. Kennedy Found He Invested in BTC Up To $250,000 in June

Robert Kennedy

Robert Kennedy

Robert F. Kennedy, a US presidential candidate from the Democratic party, revealed that he owns Bitcoin (BTC) after denying being a crypto investor, according to Crypto Potato.

Earlier, Kennedy claimed during the Miami BTC conference that he is not a crypto investor, however, he announced he can accept donations in Bitcoin for his presidential campaign. But a financial disclosure report obtained by CNBC found that Kennedy possessed BTC worth $100,001 and $250,000 by the end of June. The record does not indicate who purchased the asset, although the candidate’s campaign acknowledged it was Kennedy Jr.

Some of the public saw Kennedy’s stance as a conflict of interest, while others were optimistic about the American’s pro-crypto stance.

Kennedy, who is challenging current President Joe Biden, showed his enthusiasm towards the crypto industry, criticizing the US government’s attempts to hinder the industry. 

“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,” he tweeted. 

He also pledged to issue Bitcoin-friendly laws when he becomes a president, saying: ““I will make sure that we have policies that support Bitcoin and the freedom to transact and that allow individuals to manage their own Bitcoin wallets, nodes, and passwords.”

Kennedy Jr. is the son of former Attorney General and Senator Robert F. Kennedy, as well as the nephew of the 35th President of the US, John F. Kennedy. His support comes at a crucial time for the American crypto industry, with the Securities and Exchange Commission cracking down on crypto businesses in the absence of a proper regulatory framework for digital assets in the United States.

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