Democratic presidential candidate Robert F. Kennedy Jr. If elected in the November 2024 elections bitcoin He shared his plans for (BTC).
Speaking at the Heal-the-Divide event, former president John F. Kennedy’s nephew said his administration will exempt the conversion of Bitcoin to dollars from capital gains tax. told.
He says this policy has its downsides, but that the US will reap benefits that will outshine the disadvantages.
These benefits include facilitating innovation and encouraging investment, ensuring citizens’ privacy, encouraging startups to grow their businesses and tech businesses in the US instead of Singapore, Switzerland, Germany and Portugal.
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Kennedy, leading crypto- says removing taxes on assets will help protect civil liberties.
Non-taxable activities cannot be reported, which means it will be more difficult for governments to use currency as a weapon against freedom of expression, which is one of my main goals as many of you know.
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The environmental lawyer says the idea is similar to the Clinton administration’s tax-exempt policy on e-commerce.
Silicon Valley is largely the result of this policy… It was very controversial in the beginning, but the result of this policy was really important. Exempting Bitcoin from stock market taxes is an almost perfect analogy for this, and we should do it in the United States as well.
Kennedy also says he wants the US dollar to be backed by Bitcoin so that king crypto can help save the dollar.
The Kennedy administration will begin to supplement the US dollar with real finite assets such as gold, silver, platinum and BTC, the world’s most difficult liquid asset, to strengthen the US dollar and ensure its continued success as the world reserve currency. This will include US Treasury Bills, bonds and bills.
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