US Presidential Candidate Pledges Pro-Crypto Reforms

US Presidential Candidate Robert F. Kennedy Jr. expressed positive views on the widespread adoption of Bitcoin and cryptocurrencies once again.

US Presidential Candidate Robert F. Kennedy Jr. expressed support for the widespread use of Bitcoin and cryptocurrencies in the United States. He shared his views as part of his campaign against President Joe Biden. This pro-crypto stance is seen as positive for the cryptocurrency market before the 2024 US presidential election. People believe that the discussion on crypto regulation will be important during the election.

During election campaigns, there is a debate due to the strong stance taken by the current US administration against cryptocurrency businesses operating in the country. The US Securities and Exchange Commission (SEC) has faced increased criticism for its actions against crypto, despite calls for a clear set of regulations for the industry.

Robert F. Kennedy Jr Promises Pro-Crypto Environment

During a campaign event, Kennedy emphasized the importance of creating a fair and unrestricted environment for cryptocurrencies in the country. He strongly criticized the administration’s proposal to impose a 30% tax on electricity used for crypto mining.

“Bitcoin is not just a currency, it’s a symbol of democracy that people are passionate about. As President, I will ensure that everyone has their own wallet and the government cannot interfere with it.”

The presidential candidate emphasized the importance of a favorable web 3.0 environment. If elected President, he promised to eliminate the 30% tax on electricity used for crypto mining. He also pledged to protect online privacy and prevent intrusive measures, emphasizing the potential for nurturing Bitcoin within the United States. He expressed confidence in building a crypto-friendly infrastructure that would generate wealth for Americans.