Robert F. Kennedy Jr., the independent US presidential candidate known for his pro-cryptocurrency stance, is set to speak at the upcoming Consensus 2024 crypto conference in Austin, Texas.
At the event, Kennedy will speak about his support for cryptocurrencies and self-custody. According to a press release from crypto news outlet and event organizer Coindesk, He said:
I look forward to speaking at Consensus 2024 later this month. I am determined to keep America leading the world in blockchain innovation. […] We cannot allow hostile regulators to pilot this technology abroad.
Kennedy – an environmental lawyer and member of the prominent Democratic Kennedy family – has taken a very different position on crypto from his Democratic counterparts. While many Democrats remain skeptical of or opposed to cryptocurrencies, Kennedy has openly embraced them in his campaign. He has come so far recently Vows to support dollar with Bitcoin (BTC) and exempt cryptocurrencies from taxes if elected.
A pro-crypto Democrat?
Kennedy is polling significantly behind the presumptive Republican and Democratic candidates, Donald Trump and incumbent Joe Biden, respectively. After failing to win the Democratic primary, Kennedy decided to run as an independent candidate.
The endorsement of cryptocurrencies by a member of the Kennedy family, known for its strong Democratic roots, is a surprising bit of common sense. John F. Kennedy – the current candidate’s uncle – served as US President in the 1960s, while his father, Robert F. Kennedy, before running for president himself, served as U.S. Attorney General during that administration.
As the 2024 US presidential election approaches, the topic of cryptocurrencies has become increasingly politicized, with Republicans generally more pro-crypto than Democrats. Current United States President Joe Biden causes outrage in crypto industry Recently a 30% tax on crypto mining has been proposed The industry faced power and criticism for potentially causing harm and destroying investors’ wealth.
Crypto has seen increasing pressure from United States regulators over the years. In late 2023, the United States publicly traded exchange Coinbase petitions SEC for crypto-specific rules This would have made it clearer what is expected of crypto companies – but the regulator rejected the request.
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