1 month ago
Independent statesmanlike campaigner Robert F. Kennedy Jr. (RFK Jr.) has received lone $61,000 successful Bitcoin donations since 2023, according to an analysis by blockchain analytical level Breadcrumbs.
This fig is humble compared to Kennedy’s wide fundraising success. According to OpenSecrets data, his 2024 run has raised implicit $100 million.
Tracking challenges
The Federal Election Commission (FEC) records amusement that the $61,000 successful Bitcoin donations was collected betwixt June and September 2023. Since October 1, 2023, the run has stopped reporting Bitcoin donations, which could bespeak either a alteration successful Bitcoin contributions oregon a alteration successful reporting methods.
The Breadcrumbs investigation explained that Kennedy’s run uses OpenNode to process Bitcoin via the Lightning Network, which operates off-chain and complicates transparency.
Additionally, the run employs aggregate stealth Bitcoin addresses, which make a caller code for each donation, further obscuring the full magnitude of donations.
The steadfast concluded:
“BTC donation information has been hard to find since it has not been transparently reported by his campaign.”
Meanwhile, the full magnitude of Bitcoin donations whitethorn beryllium higher, particularly considering imaginable contributions received astatine the caller Bitcoin Conference.
Pro-Bitcoin
Despite the constricted Bitcoin contributions, RFK Jr. remains a staunch protagonist of the flagship integer asset. He was the archetypal US statesmanlike campaigner to judge Bitcoin donations past twelvemonth and has powerfully advocated for pro-crypto policies during his campaign.
At the caller Bitcoin Conference, Kennedy revealed that much of his wealth is invested successful Bitcoin and made galore promises that would let the manufacture to thrive nether his administration.
One specified pledge was to motion an executive order connected his archetypal time successful bureau to marque Bitcoin a strategical reserve plus for the US. Additionally, helium projected exempting Bitcoin from taxes and treating it arsenic currency alternatively than subjecting it to superior gains tax.
According to him, these plans are portion of his broader economical strategy, which aims to backmost the US dollar with Bitcoin to fortify the nation’s fiscal stability.
Notably, these positions person garnered enactment from notable crypto figures, including Cardano laminitis Charles Hoskinson.
The station Bitcoin donations to RFK Jr. run lone magnitude to $61k amid deficiency of transparency appeared archetypal connected CryptoSlate.
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