Kennedy Declares End to US CBDC Drive, Ignites Financial Reckoning!
Key Points:
- Robert F. Kennedy Jr. and Donald Trump unite against US CBDC development.
- CBDCs enable government surveillance akin to China’s social credit system.
- Bitcoin touted as a superior alternative to protect civil liberties and financial autonomy.
Robert F. Kennedy Jr., the first presidential candidate to embrace Bitcoin for campaign contributions, has aligned with his rival, Donald Trump, in a joint commitment to thwart the development of a central bank digital currency (US CBDC) in the United States.
Kennedy, on Jan. 24, shared a snippet of his interview on X, shedding light on the perils of CBDCs. During the discussion with Joseph Mercola, a proponent of alternative medicine, Kennedy expressed concerns about privacy infringement, labeling a US CBDC as a “calamity for human rights and civil rights.” He argued that a CBDC could enable the government to scrutinize every transaction, leading to potential blackmail or coercion.
Drawing parallels with China’s digital yuan, which is integrated with an extensive social credit system, Kennedy warned about the government’s ability to restrict access to funds based on surveillance data. He cited a 2023 Chainalysis report, emphasizing how financial data from the digital yuan could be amalgamated with other information to impact citizens’ social credit scores.
Kennedy and Trump Unite Against CBDC
Kennedy pledged to halt any advancements toward a US CBDC if elected president, advocating for the preservation of paper cash. Simultaneously, he asserted that Bitcoin offered superior protection compared to traditional cash.
Notably, Kennedy’s stance mirrors that of former President Donald Trump, who has repeatedly vowed to prevent the introduction of a CBDC in the U.S. Despite Trump’s previous reservations about Bitcoin, prominent figures within his party, such as Vivek Ramaswamy and Florida Governor Ron DeSantis, have taken pro-crypto and anti-CBDC stances in their presidential campaigns.
Having parted ways with the Democratic Party in October 2023, Kennedy faces challenges securing ballot access. While exploring options, including potential affiliation with the Libertarian Party in January 2024, Kennedy remains committed to his anti-CBDC stance, aligning himself with the broader crypto-friendly sentiment among certain political figures.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Kennedy Declares End to US CBDC Drive, Ignites Financial Reckoning!
Key Points:
- Robert F. Kennedy Jr. and Donald Trump unite against US CBDC development.
- CBDCs enable government surveillance akin to China’s social credit system.
- Bitcoin touted as a superior alternative to protect civil liberties and financial autonomy.
Robert F. Kennedy Jr., the first presidential candidate to embrace Bitcoin for campaign contributions, has aligned with his rival, Donald Trump, in a joint commitment to thwart the development of a central bank digital currency (US CBDC) in the United States.
Kennedy, on Jan. 24, shared a snippet of his interview on X, shedding light on the perils of CBDCs. During the discussion with Joseph Mercola, a proponent of alternative medicine, Kennedy expressed concerns about privacy infringement, labeling a US CBDC as a “calamity for human rights and civil rights.” He argued that a CBDC could enable the government to scrutinize every transaction, leading to potential blackmail or coercion.
Drawing parallels with China’s digital yuan, which is integrated with an extensive social credit system, Kennedy warned about the government’s ability to restrict access to funds based on surveillance data. He cited a 2023 Chainalysis report, emphasizing how financial data from the digital yuan could be amalgamated with other information to impact citizens’ social credit scores.
Kennedy and Trump Unite Against CBDC
Kennedy pledged to halt any advancements toward a US CBDC if elected president, advocating for the preservation of paper cash. Simultaneously, he asserted that Bitcoin offered superior protection compared to traditional cash.
Notably, Kennedy’s stance mirrors that of former President Donald Trump, who has repeatedly vowed to prevent the introduction of a CBDC in the U.S. Despite Trump’s previous reservations about Bitcoin, prominent figures within his party, such as Vivek Ramaswamy and Florida Governor Ron DeSantis, have taken pro-crypto and anti-CBDC stances in their presidential campaigns.
Having parted ways with the Democratic Party in October 2023, Kennedy faces challenges securing ballot access. While exploring options, including potential affiliation with the Libertarian Party in January 2024, Kennedy remains committed to his anti-CBDC stance, aligning himself with the broader crypto-friendly sentiment among certain political figures.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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