US presidential candidate Robert F. Kennedy Jr. has been revealed to own up to $250,000 in Bitcoin, according to financial disclosures obtained by CNBC. This comes as a surprise, as Kennedy has previously claimed that he is not an investor in cryptocurrency.
Kennedy has been a vocal supporter of digital currency throughout his campaign, frequently praising it at events and on social media. In fact, he made headlines in May when he announced that his campaign would be accepting Bitcoin donations, becoming the first presidential candidate to do so in the US.
However, Kennedy’s financial disclosure for June 30 showed that he owns between $100,001 and $250,000 worth of Bitcoin. The document does not provide details on when or by whom the Bitcoin was purchased, but it does mention that the investment has returned less than $201 since its inception.
Initially, Kennedy’s campaign team claimed that the Bitcoin belonged to his wife and that the candidate had no involvement in cryptocurrency investments. However, a campaign representative later released a statement correcting this information, confirming that the Bitcoin investment does indeed belong to Kennedy.
Kennedy has been outspoken about his views on Bitcoin, describing it as a “bulwark against totalitarianism and the manipulation of our money supply.” He believes that Bitcoin points towards a future in which government institutions are more transparent and democratic.
Kennedy’s ownership of Bitcoin is notable, considering the current regulatory landscape for digital assets in the US. The Securities and Exchange Commission (SEC) has been cracking down on crypto businesses due to the lack of a proper regulatory framework. Kennedy’s support for Bitcoin may bring further attention to the need for clearer regulations in the industry.
It is worth mentioning that Kennedy comes from a prominent political family. He is the son of former Attorney General and Senator Robert F. Kennedy and the nephew of former US President John F. Kennedy. His ownership of Bitcoin adds an interesting perspective to the ongoing political discourse surrounding cryptocurrency.
Overall, Kennedy’s financial disclosure revealing his ownership of Bitcoin highlights the growing acceptance and adoption of digital currency among political figures. As the conversation around cryptocurrency continues to evolve, it remains to be seen how Kennedy’s stance on Bitcoin will influence the broader political landscape and potential regulatory developments.