Robert F. Kennedy to Enforce Pro-Bitcoin Laws Should he Become President

Robert F. Kennedy Jr, who recently announced he will run for President of the US as part of the Democratic Party, vowed to implement Bitcoin-friendly policies if elected. 

The Republicans also have a crypto-loving candidate and his name is Francis Suarez. The 45-year-old, who currently serves as mayor of Miami, involved the city in numerous Bitcoin initiatives and became the first American politician to receive his salary in BTC instead of fiat currency.

BTC Could Thrive Under Kennedy’s Leadership

In a recent interview, Robert F. Kennedy Jr (the nephew of former President John F. Kennedy) reiterated his positive stance towards the cryptocurrency sector, more specifically, Bitcoin. He said he will “make sure” that America introduces rules that aid BTC and enable people to control their passwords, wallets, and nodes. 

“I will make sure that we have policies that support Bitcoin and the freedom to transact and that allow individuals to manage their own Bitcoin wallets, nodes, and passwords.”

Kennedy also promised that his eventual cabinet would apply only necessary control to the industry to prevent money laundering. 

Subsequently, he opposed central bank digital currencies (CBDCs), labeling them as financial products used for “oppression.”

Kennedy has previously described himself as an opponent of the US Federal Reserve, claiming it had collaborated with numerous banking institutions between 2008-2022 to print a colossal amount of money. In his view, the outcome of the controversial policy could cause a further monetary imbalance in the future, whereas Bitcoin could serve as an “escape route from the splatter zone.”

Could We Witness a Competition Between BTC Fans?

Francis Suarez – the mayor of Miami – is the presidential candidate who stands as a Bitcoin advocate from the Republican side. His cabinet has allowed Florida’s financial heart to go through a digital transformation by digitizing the process of securing a license to start a business. As such, the city had become much more attractive to investors and entrepreneurs. 

Suarez, who had personally bought BTC and received his paychecks in the primary cryptocurrency, has also contemplated investing 1% of Miami’s treasure reserves in it.

Still, direct competition between Kennedy and Suarez seems unlikely since they first need to prevail over Joe Biden and Donald Trump, respectively.