Mr. Robert F. Kennedy Jr. announced that he would use the power of the President to issue an order to make Bitcoin the reserve asset of the United States.
US Presidential candidate Robert F. Kennedy Jr. promised to make Bitcoin a national reserve asset. Photo: @mikehassard on X (Twitter)
Speaking at the Bitcoin 2024 Conference taking place in Nashville (Tennessee, USA), the candidate running for US President is Mr. Robert F. Kennedy Jr. has made commitments to adopt Bitcoin to attract a voter base of cryptocurrency investors.
Specifically, Mr. Robert F. Kennedy Jr. announced that if elected to the White House, he would use Presidential power to issue decrees making Bitcoin a US national reserve asset on the first day of taking office. In particular, he will direct the Ministry of Justice and Judicial Police to transfer the amount of 200,000 BTC being held by these agencies as evidence confiscated from crime suppression activities into the country's strategic reserve fund. .
Want to know my stance on #Bitcoin ? Here's what I'll do. pic.twitter.com/H5ijWQTfIE
— Robert F. Kennedy Jr (@RobertKennedyJr) July 27, 2024
In addition, Mr. Kennedy will sign another executive order to direct the US Treasury Department to purchase 550 Bitcoins per day until the United States holds a minimum of 4 million BTC, or 19% of the total possible supply of 21 million Bitcoins. Multi.
Candidate Robert F. Kennedy Jr. speak:
“Our country owns approximately 19% of the total global gold reserves. If we apply the same policy to Bitcoin, we will create an impact and gradually bring Bitcoin to a valuation of hundreds of trillions of US dollars.”
Not stopping there, Mr. Kennedy also wants the US Tax Service (IRS) to issue tax exemption regulations for all transactions between US dollars and Bitcoin, as well as recognize BTC as an asset similar to real estate.
According to statistics as of early July, the United States is still the government that owns the most Bitcoin in the world with a BTC warehouse of more than 207,000 VND.
The above are all XEM policies that have a huge impact on Bitcoin in particular and the cryptocurrency industry in general, showing the significant efforts of Mr. Robert F. Kennedy Jr. to attract the attention of crypto voters. Mr. Kennedy himself has made many moves in the past to please the cryptocurrency industry, including buying 250,000 USD of BTC , as well as promising to put the national budget on the blockchain to increase the level of transparency.
The reason Mr. Kennedy is willing to make such a clear change in stance compared to his predecessors' policy of "indifference" to crypto comes from the fact that he is an independent candidate, not representing two parties. The largest groups in the US right now are the Republicans and Democrats, as well as being far behind the candidates of these two parties, former President Donald Trump and current Vice President Kamala Harris, in pre-election polls. when his support rate was only 8%, while the remaining two opponents were up to 38-42%.
As reported by Coin68 in recent months, the cryptocurrency sector has become one of the topics that attracts the attention of candidates running for the 2024 US Presidential election. Starting with statements about "renaissance" ” crypto by Mr. Trump, this wave has spread so widely that President Biden's administration was forced to change its stance and directed the SEC to change 180 degrees and approve the Ethereum ETF . However, Ms. Kamala Harris has not yet made a statement about crypto , even though there is a memecoin that follows the female politician and has grown dozens of times since she succeeded Mr. Biden to become a candidate. The brightest of the Democrats.
Mr. Trump is expected to give a speech at the Bitcoin 2024 Conference on Saturday (US time), with many speculating that he will continue to make commitments to promote the return of the crypto industry in the United States. general and the move to directly favor Bitcoin in particular. Republican Senator Cynthia Lummis is reported to use this event to announce a draft law recognizing Bitcoin as a reserve asset for the US and call on Mr. Trump to approve it.
Currently, the cryptocurrency community is looking forward to Mr. Trump's speech at the Bitcoin 2024 conference, so much so that the BTC price quickly recovered from the correction to 63,450 USD on July 25 to increase again to 68,200 USD. then 36 hours.
1h chart of the BTC/ USDT pair on Binance at 10:20 AM on July 27, 2024
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