1 year ago
RFK Jr. said helium volition usage Bitcoin to stabilize the U.S. dollar arsenic good arsenic marque Bitcoin profits exempt from superior gains tax.
Democratic statesmanlike campaigner Robert F. Kennedy Jr. has promised to progressively backmost the United States dollar with Bitcoin (BTC) if helium is elected president.
Speaking astatine a July 19 Heal-the-Divide PAC event, Kennedy claimed that backing the U.S. dollar with what helium called "hard currency," including gold, silver, platinum oregon Bitcoin, could assistance to re-stabilize the American economy.
"Backing dollars and U.S. indebtedness obligations with hard assets could assistance reconstruct spot backmost to the dollar, rein successful ostentation and usher successful a caller epoch of American fiscal stability, bid and prosperity.”Kennedy explained the process would beryllium gradual and depending connected the plan’s occurrence he’d set the magnitude of backing for the dollar.
“My program would beryllium to commencement very, precise small, possibly 1% of issued T-bills would beryllium backed by hard currency, by gold, metallic platinum oregon Bitcoin,” helium said.
Additionally, Kennedy declared helium would marque Bitcoin to U.S. dollar conversions exempt from superior gains taxes.
In his view, the projected exemption would spur concern and incentivize ventures to turn their concern successful the U.S. alternatively of different crypto-friendly jurisdictions specified arsenic Singapore oregon Switzerland.
Related: Jack Dorsey tips pro-crypto campaigner Robert Kennedy to triumph presidency
Kennedy’s latest circular of pro-Bitcoin comments travel successful the aftermath of his quality astatine Miami’s Bitcoin 2023 league connected May 19 wherever helium announced that helium would accept governmental run donations successful Bitcoin.
On July 9, concern disclosures recovered that Kennedy owned up to $250,000 worthy of Bitcoin, contempt his erstwhile statements wherever helium denied having immoderate vulnerability to the asset.
RFK is 1 of galore statesmanlike hopefuls to marque sweeping crypto-based promises. On July 14, Republican statesmanlike campaigner and Florida Governor Ron DeSantis promised to ban cardinal slope integer currencies (CBDCs) if elected president.
“If I americium the president, connected time one, we volition nix cardinal slope integer currency. Done. Dead. Not happening successful this country,” DeSantis said.
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