Kennedy Jr. Aims to Make America the Crypto Hub

• Kennedy Jr. proposes exempting Bitcoin holders from capital gains tax when exchanging for U.S. Dollars.
• He aims to make the US the crypto hub by backing the Dollar with hard assets, including Bitcoin.
• Kennedy advocates for sensible regulation and recognition of Bitcoin as a non-security asset.

Democratic Presidential candidate Robert F. Kennedy Jr. has proposed two bold policies for his potential administration. First, he wants to exempt Bitcoin holders from capital gains tax when exchanging for U.S. Dollars. He believes this will spur investment, enhance citizen privacy, and retain top talent in the United States. Kennedy aims to make America the cryptocurrency hub, competing with crypto-friendly nations like Switzerland and Singapore.

His second proposal involves backing the U.S. Dollar and Treasury Bills with hard assets like gold, silver, platinum, and Bitcoin. Kennedy plans to start with backing 1% of Treasury Bills using this combination of assets. He believes that Bitcoin is among the hardest currencies, and backing it will provide stability and security to the U.S. financial system.

However, Kennedy's views extend beyond cryptocurrency. He has voiced controversial opinions, alleging that the 2004 presidential election was stolen due to voter fraud and making contentious claims about COVID-19 and mass shootings. Despite criticism, some voters have shown support for his candidacy.

Kennedy's concern over inflation and the Federal Reserve's interest rate decisions is another highlight of his economic perspective. He advocates for sensible regulation and recognition of Bitcoin as a non-security asset.

This is not the first time Kennedy has proven to be in favour of crypto. With this proposals, he now aims to integrate Bitcoin into the U.S. financial system and create a crypto-friendly environment.