FameEX Hot Topics | RFK Jr. Pledges to Terminate U.S. Hostility Towards Cryptocurrency

Independent U.S. presidential candidate Robert F. Kennedy Jr. has expressed a strong desire to position America as a leading center for blockchain technology and to repeal regulations that push companies overseas. During his campaign, Kennedy has been vocal about his commitment to ending what he perceives as regulatory hostility towards cryptocurrencies. Speaking at the Consensus event on May 30, Kennedy emphasized the importance of transactional freedom for Americans, especially as the November elections approach. He highlighted the need for sovereignty over personal financial transactions and the importance of a decentralized, transparent currency to combat totalitarianism.

Kennedy criticized the current U.S. approach to cryptocurrency regulation, attributing it to entities such as the Federal Reserve, the Securities and Exchange Commission (SEC), and the Federal Deposit Insurance Corporation (FDIC). He accused these institutions of fostering an environment of hostility towards digital currencies. If elected, Kennedy vowed to transform this regulatory landscape. He proposed regulations that would protect consumers from fraud, specifically targeting malicious and pump-and-dump schemes, while promoting truly decentralized currencies.

His vision extends to enhancing the flow of capital into decentralized systems, advocating for a more crypto-friendly regulatory framework. “Truly decentralized currencies should be encouraged, and we should be encouraging the flow of capital into those currencies. I’m going to do that as president,” Kennedy affirmed. This stance places Kennedy in contrast to other political figures, including Donald Trump, who earlier in the week declared that his administration would ensure the future of cryptocurrency remains centered in the U.S. should he be re-elected.

Running as an independent, Kennedy faces a challenging path to the presidency. Current polling data from FiveThirtyEight as of May 30 shows him at 9.8%, significantly trailing behind front-runner Donald Trump at 41.2% and President Joe Biden at 39.5%. Moreover, Kennedy's unfavorability rating stands at nearly 42%, which, while substantial, is still lower than both Trump's 53.7% and Biden's 55.5%.

Despite these odds, Kennedy's campaign focuses on reshaping the U.S. stance on digital currencies and blockchain technology, aiming to foster innovation and secure America's position as a global hub in this rapidly evolving sector. The upcoming presidential election, set for November 5, will be a decisive moment for Kennedy and his ambitious technology and financial policies.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.