{"id":169246,"date":"2023-10-06T09:15:11","date_gmt":"2023-10-06T03:45:11","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=169246"},"modified":"2023-10-06T09:15:11","modified_gmt":"2023-10-06T03:45:11","slug":"concerned-about-us-govt-attack-on-bitcoin-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/concerned-about-us-govt-attack-on-bitcoin-crypto-news\/","title":{"rendered":"Concerned About US Govt Attack On Bitcoin – Crypto News"},"content":{"rendered":"

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US Presidential candidate Robert F. Kennedy Jr. said the government\u2019s plans to issue the central bank digital currency (CBDC)<\/a> worries him. He reiterated that the CBDCs are designed to be the government\u2019s instruments of power and control, adding that he was concerned about the attacks on Bitcoin and the crypto ecosystem.<\/p>\n

Also Read: XRP Legal Head: US SEC Claims In Coinbase Lawsuit \u2018Baseless\u2019<\/strong><\/a><\/p>\n

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Freedom of Transaction<\/h2>\n

The presidential candidate said Bitcoin can be a \u201cfreedom currency\u201d that is independent of governments. Freedom of transaction is as important as freedom of speech, he commented.\u00a0Speaking to Bitcoin Magazine, he said<\/a> the CBDCs will ultimately used as an excuse to abolish cash currencies. He said the CBDCs will be controlled in such a way that people would not be able to spend as they wish as the CBDCs are programmable by the government.<\/p>\n

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\u201cI am against CBDCs. I think they will become an instrument of power and control.\u201d<\/p>\n<\/blockquote>\n

In July 2023, Kennedy Jr. made news<\/a> with the revelation that he bought each of his 7 children 2 Bitcoin each. He is known for advocating cryptocurrencies as tools with potential to bring out the poor out of poverty, while also proposing several regulatory initiatives to encourage the use of Bitcoin.<\/p>\n

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Threat To US Dollar<\/h2>\n

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Kennedy Jr. said the future of the US Dollar is uncertain in the context of the exponential growth of the BRICS Group. Although the group does not have a reserve currency of their own, the member countries allow transactions to be settled in local currencies, which is a threat to the Dollar\u2019s status as the world reserve currency, the presidential candidate explained.<\/p>\n

Earlier, CoinGape reported<\/a> his comments about plans to back the US dollar with Bitcoin and making Bitcoin profits exempt from capital gains taxes.<\/p>\n

Also Read: Elon Musk Under SEC Investigation Over Twitter Acquisition<\/strong><\/a><\/p>\n

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Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1,200 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or twitter.com\/BitcoinReddy or linkedin.com\/in\/anveshreddybtc\/ <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

US Presidential candidate Robert F. Kennedy Jr. said the government\u2019s plans to issue the central bank digital currency (CBDC) worries him. He reiterated that the CBDCs are designed to be the government\u2019s instruments of power and control, adding that he was concerned about the attacks on Bitcoin and the crypto ecosystem. Also Read: XRP Legal […]<\/p>\n","protected":false},"author":2,"featured_media":169247,"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-169246","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\/169246","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=169246"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169246\/revisions"}],"predecessor-version":[{"id":169249,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/169246\/revisions\/169249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/169247"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=169246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=169246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=169246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}