Presidential Candidate Squares Off Against Central Banking Digital Currencies | Supports BTC

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RFK, Jr. squares off against central banking digital currencies, but maintains his support for BTC.

In a new interview with the New York Post, the nephew of former President John F. Kennedy says that if given power, he’d make policies that would support Americans’ freedom to use Bitcoin.

“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 also says that should he become the next US president, he will stand against the development of a CBDC.

“I oppose central bank digital currencies because they are instruments of control and oppression, and are certain to be abused.”

Kennedy, who has been a vocal critic of the U.S. Securities and Exchange Commission’s (SEC’s) policies on crypto, has previously said that Bitcoin could possibly give people a “way out” from an otherwise unfair financial system.

“[Bitcoin is] the perfect base currency, because there’s a finite amount of it… The Bitcoin that exists on Earth is infinitely divisible, so it’s kind of the perfect currency – it has an intrinsic value and it gives people a way out…

And nobody can manipulate it. There’s no human being that can manipulate it. What happens with Bitcoin is very, very democratic. It’s all decided by all the miners in a democratic way and by algorithms that can’t be manipulated…

As president, I will make sure that your right to hold and use Bitcoin is inviolable. First, I will defend the right of self-custody of Bitcoin and other digital assets. You should be able to own your own private keys the same as you own the keys to your car or your own wallet.”

Kennedy also stated last month that the cryptocurrency asset is an “exercise in democracy.” Following that statement, the U.S. presidential candidate made an announcement on May 19 that he would accept BTC for campaign donations.

It is not the first instance where Kennedy has discussed central bank digital currencies (CBDCs), as he has previously expressed concerns that these financial instruments could result in “financial slavery” and “political tyranny.”

In late May, Kennedy strongly criticized the U.S. Securities and Exchange Commission (SEC) for its recent crackdown on the crypto industry and advocated for SEC commissioners who are supportive of crypto. “What they’re doing is obscure, it’s not transparent, and it’s not bringing transparency to our system,” Kennedy said at the time.

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