Robert Kennedy Jr at Consensus 2024: Crypto is freedom, transparency

US Independent Presidential candidate Robert F. Kennedy Jr said freedom of transactions through crypto must be protected to ensure economic growth.

Commenting on Donald Trump’s U-turn on crypto policy, Kennedy Jr praised the renewed view and implored President Joe Biden to stand with innovation in America by supporting crypto. “I’m not going to question whether this was a political decision or not, I’m happy he did it and I hope President Biden does the same,” the politician said.

Kennedy Jr. declined to comment on Trump’s conviction as industry watchers ponder how the court’s decision could affect the Republican pro-crypto candidate.

The presidential candidate added that more figures like SEC Chairman Gary Gensler should recognize and promote decentralized currencies like Bitcoin (BTC), which offer a solution to the diluted monetary instruments that currently dwarf the US capital ecosystem.

According to Kennedy Jr’s comments at Consensus 2024, Blockchain technology and cryptocurrencies could power a democratized market economy where investors and individuals control their wealth outside government interference.

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Kennedy Jr stated that the government should ensure digital asset ownership, sovereign wallet control and consumer protection against scams such as FTX by creating a clear crypto regulatory framework.

According to the politician, crypto should also be considered a currency and exempt from capital gains. Fair digital asset policies mean that people “have a choice whether to buy” these virtual currencies and can use them to make purchases.

Kennedy Jr.’s speech amplified remarks from experts such as Coinshare chief strategy officer Meltem Demirors and A16z Crypto founder Chris Dixon, who said the crypto voting bloc could be crucial to this year’s presidential election.

A survey found that more than 44% of voters either own digital assets or consider blockchain policies when deciding between candidates.

Regardless of the US election results, it is unclear whether crypto regulations will pass this year. Congressman Tom Emmer told Consensus participants that the year-end Senate hearing may be the best chance to set digital asset rules before next year.