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U.S. Presidential Candidate RFK Jr. Says He's 'Fully Committed' to Bitcoin
The presidential candidate said most of his wealth is in the digital asset.
Updated Jul 26, 2024, 5:08 p.m. Published Jul 26, 2024, 8:01 a.m.
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- Robert F. Kennedy Jr. doubled down on his support for bitcoin during the BTC 2024 conference
- Crypto and its role in the economy has become a hot-button issue in the election.
Independent presidential candidate Robert F. Kennedy Jr. doubled down on his support for bitcoin at the BTC 2024 conference in Nashville.
"I am a huge supporter of Bitcoin. I have most of my wealth in Bitcoin," he said. I am fully committed."
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Bitcoin has become a hot-button issue in this electoral cycle with Republican nominee Donald Trump's campaign announcing it would accept crypto donations in May. Many crypto entrepreneurs have come out to support the Trump campaign, with Kraken co-founder Jesse Powell donating $1 million in crypto to Trump and the Winklevoss Twins donating to a Trump-aligned PAC.
Kennedy, a libertarian-leaning candidate, took aim at the Federal Reserve, saying the central bank had the interest of bankers, not the general public, at heart.
“The relationship between Congress and the Fed is both parasitical to our country, and it’s a symbiotic relationship. The Fed is not a public institution … The decision-makers are appointed by the banking industry," he said during a conference panel hosted by TheStreet.
Kennedy also argued that Covid lockdowns were vastly in favor of billionaires and not "Main Street."
"Lockdowns … shut down all the small business in this country, which is what we should be nurturing, and kept open the Walmarts, and the Amazons, and Facebook, and the oil industry, and the processed food industries, and Big Ag. They all flourished during that period," he said.
Earlier this year Kennedy spoke at CoinDesk's Consensus conference in Austin, Texas where he said crypto is key to "transactional freedom."
"We need sovereignty over our own wallets, transactional freedom and a currency that is transparent. We need to make sure America remains the hub of blockchain technology," he said during Consensus.
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Crypto PAC Fairshake leaps into first midterm Senate race with $5 million in Alabama
The industry's leading campaign-finance operation is getting behind a pro-crypto candidate, Barry Moore, in Alabama's Republican Senate primary.
What to know:
- The crypto industry's campaign-finance arm is flexing with an opening $5 million for a Republican Senate primary election in Alabama as the congressional midterms — still nine months away — begin in earnest.
- Fairshake and its affiliate political action committees say they've got $193 million to spend, so far, which dwarfs most industry PACs and even some of the largest funds directly serving the political parties.
- Alabama congressman Barry Moore will receive supportive advertising with this money, and a Fairshake representative said the group has also dedicated funds to back Representative French Hill, the chairman of the House Financial Services Committee.
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