{"id":81906,"date":"2023-07-19T15:28:58","date_gmt":"2023-07-19T12:28:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81906"},"modified":"2025-09-12T01:52:06","modified_gmt":"2025-09-11T22:52:06","slug":"us-presidential-candidate-pledges-to-back-the-dollar-with-bitcoin-to-stabilise-it","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/us-presidential-candidate-pledges-to-back-the-dollar-with-bitcoin-to-stabilise-it\/","title":{"rendered":"US presidential candidate pledges to back the dollar with Bitcoin to ‘stabilise’ it"},"content":{"rendered":"

Robert F. Kennedy Jr., a participant in the current US presidential race, if elected, promised<\/a> to back the national currency with Bitcoin and exempt profits from transactions with it from taxation.<\/p>\n

According to a Democratic spokesperson, the American economy could be stabilised by backing the dollar with a ‘hard currency’ such as gold, silver, platinum or Bitcoin.<\/p>\n

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Backing the U.S. national currency and debt obligations could help restore the currency’s strength, curb inflation and usher in a new era of financial stability, peace and prosperity,<\/em> \u2014 said the presidential candidate.<\/p>\n<\/blockquote>\n

Kennedy explained that the process could be gradual. Depending on its success, the scale of the backing could be adjusted.<\/p>\n

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\u201cMy plan would consist of very small steps. Perhaps 1% of Treasury securities,\u201d<\/em> he explained.<\/p>\n<\/blockquote>\n

Exemption of profits from Bitcoin transactions from capital gains tax would spur investment and push companies to develop their business in the United States, rather than in other crypto-friendly jurisdictions such as Singapore or Switzerland, Kennedy added.<\/p>\n

The remarks continue his line of talk about digital gold.<\/p>\n

Earlier, should he win the electionpromised<\/a><\/a> to take decisions that ‘would support Bitcoin and the freedom of transactions, allowing people to manage their wallets, nodes and passwords’.<\/p>\n

According to him, the country would create a simple regulatory environment that provides only ‘rigorous anti-money-laundering controls’.<\/p>\n

Earlier, Kennedy described<\/a> Bitcoin as an alternative to the traditional financial system. In addition, he criticised<\/a> American regulators for the ‘war on cryptocurrencies’, which led to a banking crisis in the country.<\/p>\n

A week earlier, the candidate admitted that invested<\/a><\/a> in digital gold around $250,000.<\/p>\n

One of Kennedy’s Republican rivals, Florida Governor Ron DeSantis, promised<\/a> in May to defend the leading cryptocurrency if elected president.<\/p>\n

In June, Coinbase CEO Brian Armstrong described<\/a> the upcoming US elections as a key moment for regulating digital assets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Robert F. Kennedy Jr., a candidate in the current US presidential race, pledged to back the national currency with Bitcoin and exempt profits from its transactions from taxation.<\/p>\n","protected":false},"author":1,"featured_media":81907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1280,36,26],"class_list":["post-81906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-elections","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=81906"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81906\/revisions"}],"predecessor-version":[{"id":81908,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81906\/revisions\/81908"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81907"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}