RFK Jr. Raises Crypto Mining Tax, Regulations as Issues in Opening Days of 2024 U.S. Presidential Race

Robert F. Kennedy Jr., the newest presidential candidate and a member of some of the well-known U.S. political households, raised quite a lot of crypto points in his newly introduced marketing campaign to problem President Joe Biden.

Kennedy – a Democrat, environmental lawyer, son of former U.S. Senator Robert F. Kennedy and nephew to President John F. Kennedy and former Sen. Ted Kennedy – has raised a number of factors in regards to the digital belongings business within the early days of the 2024 presidential contest.

“It’s a mistake for the U.S. authorities to hobble the business and drive innovation elsewhere,” wrote Kennedy. “Biden’s proposed 30% tax on cryptocurrency mining is a nasty concept.”

Some early polling has recommended Kennedy – whose father ran for president in 1968 however was assassinated – is reaching into the double digits as a Democratic major challenger for Biden. Generally known as a vocal critic of vaccinations, Kennedy has additionally been famous for his crypto enthusiasm up to now. These views have shortly re-emerged from the candidate, who was introduced Tuesday as a speaker on the Bitcoin 2023 convention in Miami Seaside, Florida, later this month.

Earlier this week, he additionally argued that U.S. monetary regulators are waging “an extra-legal struggle on crypto” that has broken the banking system. In a press release final month, he weighed in on the debate over central bank digital currencies (CBDC), saying such government-backed tokens are “the final word mechanisms for social surveillance and management.”

That staunch anti-CBDC view echoes that of Florida Gov. Ron DeSantis, who’s broadly anticipated to run as a Republican candidate in 2024.

In these first days of the 2024 marketing campaign, the earliest candidates – incessantly submitting within the hopes of dominating political discussions earlier than the main candidates formally enter the ring – typically fizzle out. It’s unsure whether or not Kennedy’s identify recognition will set up his place amongst main Democrats, though one latest candidate with no political background did very nicely when he ran for president: Donald Trump.