Democratic presidential candidate Robert F. Kennedy Jr. (RFK) will become the first presidential candidate in U.S. history to receive campaign funding in Bitcoin, making his debut as a presidential candidate at a cryptocurrency conference. During the event, he praised cryptocurrencies as “symbols of democracy and freedom.”
“Today we will show the world the power, durability and flexibility of Bitcoin. […] Almost everyone in this room recognizes Bitcoin’s connection to democracy and freedom. […] They are passionate because they deeply represent the deep needs we have for freedom and democracy, and the promise that this innovation will vouch for those virtues. “
Candidates challenging Joe Biden share He shared his liberal views on cryptocurrencies on Twitter. In a May 3 post, RFK said that “cryptotech is a major innovation engine,” adding that the U.S. is holding back the industry and driving “innovation elsewhere.”
By participating in Bitcoin events, RFK not only targets voters, but also becomes a potential source of millions of dollars in donations. During last year’s midterm elections, Sam Bankman-Fried, the former CEO of now-bankrupt crypto exchange FTX, donated $40 million to support candidates. Cryptocurrency exchange Coinbase is also actively lobbying for legislation to regulate the domestic cryptocurrency space.
RFK’s increased focus on cryptocurrencies comes in line with the harsh US regulatory environment, which is spreading uncertainty among players and negatively impacting an already-hit industry.
candidate believe A diverse ecosystem of currencies could make the U.S. economy more resilient.
“Just as biodiversity-rich ecosystems are resilient ecosystems, if we had a currency of diverse ecosystems, not just a single centralized currency, our economy would We are seeing today how fragile our overly concentrated systems are.”
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