Robert F. Kennedy Jr. Accepts Bitcoin Donations, Making History!

• Robert F. Kennedy Jr. will be the first presidential candidate in United States history to accept campaign donations in Bitcoin and announced it during his first appearance as a presidential candidate at the Bitcoin 2023 conference.
• The candidate has been sharing his libertarian views about cryptocurrencies on Twitter and is targeting voters as well as potential donors with cryptocurrency donations.
• RFK Jr.’s commitment to cryptocurrencies coincides with a tight regulatory environment in the U.S., spreading uncertainty among players and harming an already battered industry.

Robert F. Kennedy Jr. Accepting Campaign Donations In Bitcoin

Breaking news: Robert F. Kennedy Jr., the nephew of 35th President of the U.S. John F. Kennedy, will be the first presidential candidate in United States history to accept campaign donations in Bitcoin, he announced during his first appearance as a presidential candidate at the Bitcoin 2023 conference held in Miami, Florida on May 19, 2023.

RFK Jr.’s Libertarian Views On Cryptocurrency

RFK Jr., who is challenging President Joe Biden for office, has been sharing his libertarian views about cryptocurrencies on Twitter for some time now, praising it as a “symbol of democracy and freedom” during his recent announcement at the Bitcoin event held earlier this week. He stated that almost everyone present was aware of “the link between Bitcoin and democracy and freedom” before adding that people are passionate about it because “of the deep representation of a deep need that we have for liberty and democracy and the promise that this innovation has to guarantee those virtues.“

Campaign Funds From Crypto Exchange Coinbase

The candidate is not only targeting voters but also potential sources of millions of dollars worth of donations from players within crypto-industry such Sam Bankman-Fried, former CEO of now-bankrupted crypto exchange FTX who donated $40 million last year’s midterm elections, and Coinbase which has been actively lobbying for legislation regulating crypto space in country.

Fragile Economy With Over-Centralized System

RFK Jr.’s increased commitment to cryptocurrencies coincides with a tight regulatory environment in the U.S., spreading uncertainty among players and harming an already battered industry; he believes that US economy could be more resilient if it had diverse ecosystem with several currencies instead of single centrally controlled one: “Just as a biodiverse ecosystem is a resilient ecosystem, so too will our economy be more resilient if it has a diverse ecology of currencies, not just a single, centrally controlled one.“

Crypto Technology As Major Innovation Engine

In addition to this sentiment shared by RFK Jr., he also considers crypto technology to be major innovation engine — something that US government should support rather than hobbling industry by forcing innovation elsewhere: „Crypto technologies are a major innovation engine […] We are seeing today how fragile our over-centralized system is.“