Robert F. Kennedy Jr. will accept campaign donations in Bitcoin

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Democratic presidential candidate Robert F. Kennedy Jr. will be the first presidential candidate in US history to accept campaign donations in Bitcoin, making his first appearance as a presidential candidate at the crypto conference. He praised cryptocurrency as a symbol of democracy and freedom at the event.

Today we show the world the power, durability and flexibility of Bitcoin. […] Almost everyone in this room is aware of the connection between Bitcoin and democracy and freedom. […] They are passionate because of the deep representation of a deep need we have for freedom and democracy and the promise that this innovation must guarantee these virtues. via Cointelegraph

The candidate challenging President Joe Biden shared his libertarian views on cryptocurrencies on Twitter. In a May 3 post, RFK Jr. said crypto technologies are a major driver of innovation, “adding that the United States is hindering the industry and driving innovation elsewhere.”

By attending the Bitcoin event, RFK Jr. is not only targeting voters, but also a potential source of millions of dollars in donations. During last year’s midterm elections, Sam Bankman-Fried, former CEO of the now bankrupt crypto exchange FTX, donated $40 million to support the candidates. Crypto exchange Coinbase has also been actively pushing for legislation regulating the crypto space in the country.

RFK Jr.’s increased commitment to cryptocurrencies coincides with a tight regulatory environment in the United States, spreading uncertainty among gamers and hurting an already struggling industry.

The candidate believes that the US economy could be more resilient if it had a diversified ecosystem of currencies:

Just as a biodiversity-rich ecosystem is a resilient ecosystem, our economy will also be more resilient if it has a diverse ecology of currencies, not just a single, centrally controlled one. Today we see the fragility of our overly centralized system.”

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