Robert F. Kennedy Jr. has broken new ground as the first presidential candidate in the United States to accept campaign donations in Bitcoin. Kennedy made the announcement during his appearance at the Bitcoin 2023 conference, where he praised the cryptocurrency as “a symbol of democracy and freedom.” He believes that crypto technologies are a major innovation engine that the US should be leveraging, rather than hobbling. During his speech, Kennedy quipped that attendees at the conference were passionate about Bitcoin because of “the deep representation of a deep need that we have for liberty and democracy and the promise that this innovation has to guarantee those virtues.”
Kennedy’s decision to attend the Bitcoin conference is intended to secure not only more voters but also a potential source of millions of dollars in donations. Sam Bankman-Fried, the former CEO of bankrupt crypto exchange FTX, donated $40 million to candidates during the 2022 midterm elections. Crypto exchange Coinbase has also been campaign for regulatory frameworks in the US.
At a time of tight regulatory environment and general uncertainty, Kennedy is calling for a diverse ecosystem of currencies to foster economic resilience. “Just as a biodiverse ecosystem is a resilient ecosystem, so too will our economy be more resilient if it has a diverse ecology of currencies, not just a single, centrally controlled one. We are seeing today how fragile our over-centralized system is,” he stated.
Kennedy, who is challenging incumbent Joe Biden in the presidential race, has been sharing his libertarian views about cryptocurrencies on Twitter. The nephew of the 35th US President, John F. Kennedy, could become a significant player in the future of cryptocurrencies in the country.