{"id":20086,"date":"2023-07-19T08:12:10","date_gmt":"2023-07-19T08:12:10","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/robert-f-kennedy-jr-vows-to-back-us-dollar-with-bitcoin-if-elected-president\/"},"modified":"2023-07-19T08:12:12","modified_gmt":"2023-07-19T08:12:12","slug":"robert-f-kennedy-jr-vows-to-back-us-dollar-with-bitcoin-if-elected-president","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/robert-f-kennedy-jr-vows-to-back-us-dollar-with-bitcoin-if-elected-president\/","title":{"rendered":"Robert F. Kennedy Jr. vows to back US dollar with Bitcoin if elected president"},"content":{"rendered":"<p><\/p>\n<div data-v-2649fa34=\"\">\n<p>Democratic presidential candidate Robert F. Kennedy Jr. has promised to progressively back the United States dollar with Bitcoin (BTC) if he is elected president.\u00a0<\/p>\n<p>Speaking at a July 19 Heal-the-Divide PAC event, Kennedy claimed that backing the U.S. dollar with what he called \u201chard currency,\u201d including gold, silver, platinum or Bitcoin, could help to re-stabilize the American economy. <\/p>\n<blockquote><p>\u201cBacking dollars and U.S. debt obligations with hard assets could help restore strength back to the dollar, rein in inflation and usher in a new era of American financial stability, peace and prosperity.\u201d<\/p><\/blockquote>\n<p>Kennedy explained the process would be gradual and that, depending on the plan\u2019s success, he\u2019d adjust the amount of backing for the dollar. <\/p>\n<p>\u201cMy plan would be to start very, very small; perhaps 1% of issued T-bills would be backed by hard currency, by gold, silver, platinum or Bitcoin,\u201d he said.<\/p>\n<p>Additionally, Kennedy declared he would make Bitcoin to U.S. dollar conversions exempt from capital gains taxes. <\/p>\n<p>In his view, the proposed exemption would spur investment and incentivize ventures to grow their business in the U.S. instead of other crypto-friendly jurisdictions such as Singapore or Switzerland. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Jack Dorsey tips pro-crypto candidate Robert Kennedy to win presidency<\/em><\/strong><\/p>\n<p>Kennedy\u2019s latest round of pro-Bitcoin comments come in the wake of his appearance at Miami\u2019s Bitcoin 2023 conference on May 19 where he announced that he would accept political campaign donations in Bitcoin.<\/p>\n<p>On July 9, investment disclosures found that Kennedy owned up to $250,000 worth of Bitcoin, despite his previous statements where he denied having any exposure to the asset. <\/p>\n<p>RFK Jr. is one of many presidential hopefuls to make sweeping crypto-based promises. On July 14, Republican presidential candidate and Florida Governor Ron DeSantis promised to ban central bank digital currencies if elected president. <\/p>\n<p>\u201cIf I am the president, on day one, we will nix central bank digital currency. Done. Dead. Not happening in this country,\u201d DeSantis said.<\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>Bitcoin is on a collision course with \u2018Net Zero\u2019 promises<\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Democratic presidential candidate Robert F. Kennedy Jr. has promised to progressively back the United States dollar with Bitcoin (BTC) if he is elected president.\u00a0 Speaking at a July 19 Heal-the-Divide PAC event, Kennedy claimed that backing the U.S. dollar with what he called \u201chard currency,\u201d including gold, silver, platinum or Bitcoin, could help to re-stabilize [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-20086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Robert F. 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Kennedy Jr. has promised to progressively back the United States dollar with Bitcoin (BTC) if he is elected president.\u00a0 Speaking at a July 19 Heal-the-Divide PAC event, Kennedy claimed that backing the U.S. dollar with what he called \u201chard currency,\u201d including gold, silver, platinum or Bitcoin, could help to re-stabilize [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nftandcrypto-news.com\/crypto\/robert-f-kennedy-jr-vows-to-back-us-dollar-with-bitcoin-if-elected-president\/\" \/>\n<meta property=\"og:site_name\" content=\"NFT &amp; Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-19T08:12:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-19T08:12:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nftandcrypto-news.com\/wp-content\/uploads\/2023\/07\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDcvYmUxOWFiN2ItYTJiNS00N2Y2LWFmOTItMThmYWMzNzgxMjYwLmpwZw.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1160\" \/>\n\t<meta property=\"og:image:height\" content=\"773\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/robert-f-kennedy-jr-vows-to-back-us-dollar-with-bitcoin-if-elected-president\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nftandcrypto-news.com\/crypto\/robert-f-kennedy-jr-vows-to-back-us-dollar-with-bitcoin-if-elected-president\/\"},\"author\":{\"name\":\"Staff\",\"@id\":\"https:\/\/nftandcrypto-news.com\/#\/schema\/person\/352194e8b0cb9ae3ad5480e201b5f792\"},\"headline\":\"Robert F. 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