Robert F. Kennedy, Jr.. Kennedy Jr.) believes it’s important that the dollar be backed by hard assets, be it gold, silver, platinum or – first cryptocurrency. Then it will rebuild and stabilize the American economy. The politician explained: this process will be gradual and the amount of dollar support will be adjusted if necessary. In Kennedy Jr.’s view, you can start small – at least 1% of Treasury bills issued.
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“Backing the dollar and the United States’ debt obligations with hard assets will strengthen the nation’s currency, curb inflation, usher in a new era of financial stability and prosperity in the United States,” the candidate said.
Kennedy Jr. promised that the conversion of bitcoins into U.S. dollars would not be subject to capital gains taxes. The tax exemption will encourage investment in cryptocurrency businesses, as industry companies will want to grow their business in the U.S. rather than in other jurisdictions that are more loyal to the crypto industry, such as Singapore or Switzerland.
In May, Kennedy Jr. announced that he would be accepting donations for his political campaign in bitcoins. In July, it was revealed that the politician owns up to $250 000 worth of bitcoins, although he has previously said he has not personally invested in the cryptocurrency.