{"id":54730,"date":"2023-07-19T06:40:36","date_gmt":"2023-07-19T10:40:36","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=54730"},"modified":"2023-07-19T06:40:39","modified_gmt":"2023-07-19T10:40:39","slug":"rfk-jr-to-stabilize-us-dollar-with-bitcoin-if-elected-president","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/rfk-jr-to-stabilize-us-dollar-with-bitcoin-if-elected-president\/","title":{"rendered":"RFK Jr. to Stabilize US dollar with Bitcoin if Elected President"},"content":{"rendered":"\n

Robert F. Kennedy Jr. (RFK Jr.), the Democratic presidential candidate, has pledged to progressively support the United States dollar<\/a> with Bitcoin if elected president.<\/p>\n\n\n\n

\"RFK
RFK Jr. to Stabilize US dollar with Bitcoin if Elected President<\/figcaption><\/figure>\n\n\n\n

Kennedy stated on July 19 at a Heal-the-Divide PAC event that underpinning the U.S. dollar with “hard currency,” such as gold, silver, platinum, or Bitcoin, could help to stabilize the American economy.<\/p>\n\n\n\n

\n

\u201cBacking dollars and U.S. debt obligations with hard assets could help restore strength back to the dollar, rein in inflation and usher in a new era of American financial stability, peace and prosperity.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Kennedy explained that the process would be incremental, adjusting the dollar's backing based on the plan's success.<\/p>\n\n\n\n

“I plan to start very small; perhaps 1% of issued T-bills would be backed by hard currency, such as gold, silver, platinum, or Bitcoin,” he said.<\/p>\n\n\n\n

In addition, Kennedy announced he would exempt Bitcoin-to-U.S. dollar conversions from capital gains taxes<\/a>.<\/p>\n\n\n\n

He said the proposed exemption would encourage ventures to expand their businesses in the United States rather than in crypto-friendly jurisdictions such as Singapore or Switzerland.<\/p>\n\n\n\n

Kennedy's latest pro-Bitcoin remarks follow his announcement at the Bitcoin 2023 conference in Miami on May 19 that he would accept political campaign contributions in Bitcoin.<\/p>\n\n\n\n

July 9 investment disclosures revealed that Kennedy possessed up to $250,000 worth of Bitcoin, contrary to his previous denials.<\/p>\n\n\n\n

RFK Jr\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. is one of many presidential candidates who have made expansive crypto-based pledges. Governor of Florida and Republican presidential candidate Ron DeSantis vowed on July 14 to prohibit central bank digital currencies if elected president.<\/p>\n\n\n\n

“If I were president, we would eliminate central bank digital currency on day one.” Done. Dead. “Not in the United States,” DeSantis stated.<\/p>\n","protected":false},"excerpt":{"rendered":"

Robert F. Kennedy Jr. (RFK Jr.), the Democratic presidential candidate, has pledged to progressively support the United States dollar with Bitcoin if elected president. Kennedy stated on July 19 at a Heal-the-Divide PAC event that underpinning the U.S. dollar with “hard currency,” such as gold, silver, platinum, or Bitcoin, could help to stabilize the American […]<\/p>\n","protected":false},"author":12,"featured_media":54733,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[152,15299,1305,924],"class_list":["post-54730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-rfk-jr","tag-united-states","tag-us-dollar"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/07\/image-27.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/54730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=54730"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/54730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/54733"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=54730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=54730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=54730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}