Robert F. Kennedy Jr. Advocates for Bitcoin and Rejects Central Bank Digital Currencies (CBDC)

In a recent interview with the New York Post, Robert F. Kennedy Jr., a candidate for president, stated his strong opinion on the subject of central banking digital currencies (CBDCs) and his support for Bitcoin (BTC). Kennedy, the nephew of former President John F. Kennedy, reaffirmed his dedication to enacting laws that safeguard Americans’ freedom to use Bitcoin.

Kennedy stated that if elected, he would implement policies that would encourage the use of Bitcoin and give users authority over their own wallets, nodes, and passwords. However, he also recognized the need of stopping money laundering and promised to put in place the barest minimum of measures required to stop such unlawful acts. Here’s what he said, “I will make sure that we have policies that support Bitcoin and the freedom to transact and that allow individuals to manage their own Bitcoin wallets, nodes, and passwords. I will allow only the narrowest controls that are necessary to prevent money laundering.”

Kennedy continued to state his opposition to the creation of CBDCs, expressing worries about its capacity for persecution and control. He is adamant that these central bank-issued digital currencies should not be pursued since they are open to exploitation.

Bitcoin: A Democratic and Decentralized Financial Alternative

Notably, Kennedy has criticized the U.S. Securities and Exchange Commission’s (SEC) stance to cryptocurrencies in a very public manner. He has previously said that Bitcoin may be a way out of an unfair financial system that unfairly favors some people.

Kennedy claims that the limited supply and divisibility of Bitcoin make it the ideal foundation currency. People have an alternative and democratic financial choice thanks to its inherent value and decentralized structure. He adds that no one can control Bitcoin since its governance is controlled by miners and algorithms that function democratically and openly.

In the event that Kennedy is elected president of the United States, he promises to protect people’s freedoms to own and use Bitcoin. Defense of the right to self-custody of Bitcoin and other digital assets would be his first priority. He supports giving people complete control over their private keys, just like they have full control over the keys to their automobiles or wallets.

Kennedy’s stance on Bitcoin and CBDCs is in line with an increasing trend among cryptocurrency enthusiasts. The debate about the function of virtual currencies in society and their possible effects on financial independence is becoming more prominent as the crypto sector develops. Kennedy has expressed caution regarding centralized types of digital money while supporting the idea of giving people more autonomy over their resources.