{"id":124393,"date":"2023-07-19T06:20:15","date_gmt":"2023-07-19T06:20:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/presidential-candidate-rfk-jr-plans-to-back-us-dollar-with-bitcoin-end-taxes-crypto-news\/"},"modified":"2023-07-19T06:20:17","modified_gmt":"2023-07-19T06:20:17","slug":"presidential-candidate-rfk-jr-plans-to-back-us-dollar-with-bitcoin-end-taxes-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/presidential-candidate-rfk-jr-plans-to-back-us-dollar-with-bitcoin-end-taxes-crypto-news\/","title":{"rendered":"Presidential candidate RFK Jr.  Plans To Back US Dollar With Bitcoin &#038; End Taxes\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Democratic presidential candidate Robert F. Kennedy Jr.  on Wednesday said he plans to back the US dollar with Bitcoin and end Bitcoin taxes.  Pro-Bitcoin presidential candidate RFK Jr.  Committing support to the cryptocurrency industry is providing some hope for the industry at times when the industry faces intense regulatory scrutiny and government intervention.<\/p>\n<h2>Robert F. Kennedy Jr.  Bitcoin-Focused Policies<\/h2>\n<p>During the Heal-the-Divide PAC event, US Presidential Candidate Robert F. Kennedy Jr. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DylanLeClair_\/status\/1681490651999789056\">outlined<\/a> Several Bitcoin-focused policies including gradually backing the US dollar with Bitcoin and making Bitcoin profits exempt from capital gains taxes.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<blockquote>\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<\/p>\n<\/blockquote>\n<p>Kennedy Jr.  Plans to gradually increase the allocation depending on the outcome of the initial phase.  If elected president, his administration will work on policies to reform the financial system, backing the dollar and US debt obligations with hard assets, and growing business and tech jobs in the US.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">RFK Jr.  on fiat currency &#038; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/J0GC4had9x\">pic.twitter.com\/J0GC4had9x<\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>\u2014 Dylan LeClair \ud83d\udfe0 (@DylanLeClair_) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DylanLeClair_\/status\/1681494679823556609?ref_src=twsrc%5Etfw\">July 19, 2023<\/a><\/p>\n<\/blockquote>\n<p>Robert F. Kennedy Jr., who invested $100,000 to $250,000 in Bitcoin, noted commitments to the Bitcoin community.  He also plans to put an end to the Biden administration&#8217;s policies and plans such as<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/us-house-investigating-potential-operation-choke-point-2-0-to-de-bank-crypto\/\"> Operation Choke Point 2.0<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/central-bank-digital-currency-cbdc\/\">central bank digital currency<\/a> (CBDC).<\/p>\n<p>Bitcoin will play a pivotal role in the upcoming US presidential election.  Robert F. Kennedy Jr.  discusses the importance of bitcoin in privacy and freedom.  On July 26, he will be speaking on Bitcoin and freedom in Twitter Space <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/scottmelker\/status\/1681396146550321152\">Hosted<\/a> by &#8220;The Wolf of All Streets&#8221; Scott Melker.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/binance-burning-1-99-million-bnb-tokens-worth-619m-price-recovery-ahead\/\">Binance Burns 1.99 Million BNB Tokens Worth $619M, Price Recovery Ahead?<\/a><\/strong><\/p>\n<h2>Bitcoin Price Records Upside Move<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\">btc price<\/a> jumped over 1% from below $30k after the news, with the price currently trading at $30,102.  The 24-hour low and high are $29,556 and $30,184, respectively.  Furthermore, the trading volume has increased slightly by 5% in the last 24 hours, indicating an interest among traders.<\/p>\n<p>Bitcoin price holding strongly above $30k for a move to $35k, with analysts pointing to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/standard-chartered-revises-bitcoin-price-prediction-to-50000-120k-in-2024\/\">Bitcoin surpassing $100k<\/a> in 2024. PlanB predicts $500k BTC price after Bitcoin halving in 2024.<\/p>\n<p><strong>Also Read: <\/strong> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/xrp-price-shoots-another-8-as-judge-asks-ripple-sec-to-settle-the-case\">XRP Price Shoots Another 8% As Judge Asks Ripple &#038; SEC to Settle the Case<\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA154626\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments.  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Kennedy Jr. on Wednesday said he plans to back the US dollar with Bitcoin and end Bitcoin taxes. Pro-Bitcoin presidential candidate RFK Jr. Committing support to the cryptocurrency industry is providing some hope for the industry at times when the industry faces intense regulatory scrutiny and government intervention. Robert F. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":122078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-124393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=124393"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124393\/revisions"}],"predecessor-version":[{"id":124394,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124393\/revisions\/124394"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/122078"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=124393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=124393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=124393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}