FameEX Hot Topics | RFK Jr. Commits to Ending U.S. Hostility Against Cryptocurrency

Independent U.S. presidential candidate Robert F. Kennedy Jr. is advocating strongly to make America a leading center for blockchain technology and aims to eliminate regulations that are pushing companies abroad. Throughout his campaign, Kennedy has been outspoken about his intention to diminish the regulatory barriers he believes are hindering the growth of cryptocurrencies in the U.S.

During a speech at the Consensus event on May 30, Kennedy highlighted the critical need for Americans to have transactional freedom, especially with the looming November elections. He pointed out the necessity for individuals to have control over their financial transactions and championed the benefits of a decentralized and transparent currency system as a defense against authoritarian control.

Kennedy expressed his discontent with the current approach to cryptocurrency regulation in the U.S., pointing fingers at major regulatory bodies including the Federal Reserve, the Securities and Exchange Commission (SEC), and the Federal Deposit Insurance Corporation (FDIC). He criticized these institutions for creating a hostile environment for digital currencies. If elected, Kennedy has committed to overhauling this regulatory framework to foster a more welcoming atmosphere for cryptocurrencies. He proposes introducing protective regulations to shield consumers from fraudulent activities, such as malicious and pump-and-dump schemes, while also advocating for the support and development of genuinely decentralized currencies.

Kennedy's plans include promoting an increase in capital flow into decentralized systems and pushing for a regulatory environment that is more supportive of cryptocurrency innovations. “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 declared. This positions him in direct contrast to other political figures, notably Donald Trump, who also recently stated his commitment to keeping the future of cryptocurrencies predominantly within the U.S. if re-elected.

Kennedy, who is running as an independent candidate, faces significant challenges in his presidential bid. According to the latest polling from FiveThirtyEight as of May 30, Kennedy is polling at 9.8%, substantially lower than frontrunner Donald Trump at 41.2% and President Joe Biden at 39.5%. Additionally, Kennedy’s unfavorability rating is nearly 42%, albeit lower than both Trump’s 53.7% and Biden’s 55.5%.

Despite these challenges, Kennedy’s campaign is centered on transforming the U.S. stance on digital currencies and blockchain technology, aiming to solidify America’s role as a global leader in this swiftly evolving field. With the U.S. presidential election scheduled for November 5, Kennedy's innovative technology and financial policies could play a crucial role in determining his success in this race.

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