Robert F. Kennedy Jr., the United States Democratic presidential candidate, made striking promises about Bitcoin. Kennedy announced that if elected as the President of the United States, the US dollar would be backed by assets such as gold, silver, platinum, and Bitcoin. Additionally, Robert Kennedy mentioned his promise of exempting conversions from BTC to US dollars from capital gains taxes.
Bitcoin-Friendly Promises from US Presidential Candidate
Robert F. Kennedy Jr., the US Democratic presidential candidate, listed noteworthy promises regarding Bitcoin at an event called Heal-the-Divide PAC. Robert Kennedy announced that if elected as the President of the United States, the US dollar would be backed by assets such as gold, silver, platinum, and Bitcoin. Kennedy argued that supporting the US dollar with these assets could give the dollar new strength, curb inflation, and initiate a new era of American financial stability, peace, and prosperity.
Furthermore, Robert Kennedy revealed his plan to introduce a tax exemption for conversions from Bitcoin to US dollars and shared details about his promises if he were to become the President.
Promise of Tax Exemption from Kennedy
Robert F. Kennedy Jr., the United States Presidential Candidate, not only announced that the US dollar would be backed by assets such as gold, silver, platinum, and Bitcoin if he were elected as the President, but also made a striking promise regarding Bitcoin. In the past, Kennedy has made positive statements about Bitcoin and now shared his promise of exempting conversions from Bitcoin to US dollars from capital gains tax with the public.
Kennedy has previously criticized US regulators, stating that the current approach to crypto regulations should not hinder innovation.
