US Presidential Candidate Robert F. Kennedy Vows Support for Cryptocurrencies and Opposes CBDCs

As the race for the 2024 US presidential election unfolds, candidates' positions on cryptocurrencies take center stage. Robert F. Kennedy, the first presidential hopeful to embrace Bitcoin (BTC) for campaign donations, recently made significant statements regarding cryptocurrencies and Central Bank Digital Currencies (CBDCs).

Ending US Pressure on Cryptocurrencies

In a recent interview reported by Cointelegraph, Kennedy asserted that, if elected president, he would put an end to the US government's pressure on cryptocurrencies. Expressing deep concern about the existing restrictions on Bitcoin, he emphasized the importance of having an independent and uncontrolled form of currency.

Opposition to CBDCs: A Stand for Human Rights

Kennedy went further by promising that, if elected, he would staunchly oppose the creation of a CBDC in the United States. He labeled the concept of CBDCs as a "disaster for human rights and civil liberties." This aligns with his vision of supporting a decentralized currency that operates outside the realm of government control.

Echoing Trump's Stance Against CBDCs

In joining his rival Donald Trump in the fight against the development of a CBDC (digital dollar) in the USA, Kennedy underscores a bipartisan concern regarding the potential implications of government-controlled digital currencies. Both candidates see the need to preserve the autonomy and privacy associated with decentralized cryptocurrencies.

Closing Thoughts: A Presidential Stand for Financial Independence

Robert F. Kennedy's pro-cryptocurrency stance and opposition to CBDCs present a distinctive perspective in the presidential race. The candidate emphasizes the importance of financial independence, expressing worries about government interference in the realm of cryptocurrencies. As the campaign unfolds, Kennedy's promises and statements on these issues will likely continue to be a focal point of discussions.

Objective and Negative Assessment:

While Kennedy's support for cryptocurrencies resonates with certain segments, concerns may arise about the practicality and feasibility of completely ending government pressure on such a dynamic and evolving financial landscape. Additionally, opposing the development of a CBDC might be viewed by some as resistance to technological advancement in the financial sector.