The Democratic presidential candidate shared his pro-crypto, especially bitcoin, policies in a video recording with Heal The Divide and Bitcoin Magazine. RFK Jr. added that he plans to start “very small” by backing just 1% of the Treasury Bills (T-bills) “by hard currency, by gold, silver platinum or bitcoin.”
The allocation will increase gradually, RFK Jr., the nephew of the 35th US President John F. Kennedy, said.
Moreover, he added that the Kennedy administration would encourage using bitcoin while trying to make the US the global crypto hub. RFK Jr. stated using BTC in the country to attract more investments and engineers that would bring innovation.
The 69-year-old politician claims to end the capital gains taxes on bitcoin. He promoted BTC’s self-custody as it ensures citizens’ privacy rights, as he’s against the crypto tax plans of the Biden Administration.
RFK Jr. has already complimented bitcoin and cryptocurrencies, making headlines on May 19. According to a report on July 7, the presidential candidate owns between $100,000 and $250,000 worth of BTC.
This article was originally published on Crypto.news
Source: Cryptocurrency - investing.com
