In a speech delivered Wednesday at a Heal-the-Divide PAC event, Kennedy said that supporting the American dollar with what he called “hard currencies,” such as gold, silver, platinum or Bitcoin, could help re-stabilize the US economy.
“Support the Dollars and hard-asset US debt obligations could help restore dollar strength, curb inflation and usher in a new era of financial stabilitypeace and prosperity in USA.”
What would your plan to support the dollar look like?
Kennedy explained that the process would be gradual and that, depending on the success of the plan, he would adjust the amount of support for the dollar.
“My plan would be to start very, very small; perhaps 1% of T-bills issued would be backed by hard currency, whether it be gold, silver, platinum or bitcoin,” he said.
Additionally, Kennedy stated that he would make conversions of bitcoins to US dollars were exempt from capital gains tax. Deposits in investment funds increase in cryptocurrencies: Bitcoin represents 99% of the volume
In his opinion, the proposed exemption would stimulate investment and incentivize companies to develop their businesses in the US instead of in other cryptocurrency-friendly jurisdictions, such as Singapore or Switzerland.
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Kennedy’s latest statements on Bitcoin
Kennedy’s last comments in favor of bitcoins They come after he appeared at the Bitcoin 2023 conference in Miami on May 19, where he announced that he would accept bitcoin donations for his political campaign.
On July 9, investment disclosures found that kennedy He owned up to $250,000 worth of bitcoin, despite his earlier statements denying any exposure to this asset.
National Australia Bank announces that it will cut ties with certain cryptocurrency exchanges due to the “elevated risk of scam in the sector”
RFK Jr. is one of many presidential hopefuls who have made promises based on cryptocurrencies. On July 14, Republican presidential candidate and Florida Governor Ron DeSantis vowed to ban central bank digital currencies if he were elected president.
“If I am president, on the first day, we will ban digital currencies of the central banks. Made. Dead. It won’t happen in this country,” DeSantis said.
Source: Ambito

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