“Democratic Presidential Candidate Robert F. Kennedy Jr. Revealed to Hold Up to $250,000 in Bitcoin, Contrary to Previous Claims”
According to records obtained by CNBC, it has come to light that Robert F. Kennedy Jr., a candidate for the Democratic presidential nomination, possesses a Bitcoin investment valued between $100,001 and $250,000 as of the end of June. This investment was reportedly made subsequent to his appearance at the Bitcoin 2023 conference in May, during which he declared that his campaign would become the first in the United States to accept Bitcoin donations.
Interestingly, despite his recent disclosure, Kennedy Jr. had previously denied being an investor in Bitcoin, asserting during the conference, “I am not an investor, and I am not here to provide investment advice.”
The financial disclosure submitted on June 30 does not specify the exact timing of the cryptocurrency acquisition but mentions that it has yielded a return of less than $201 since the investment was initiated. While the filing does not attribute the purchase to any specific member of the Kennedy family, the candidate’s campaign acknowledged Kennedy Jr.’s involvement.
Screenshot of Robert F. Kennedy Jr.’s financial disclosure filed on June 30. Source: CNBC
“Robert F. Kennedy Jr. Takes Aim at Crypto Community in Presidential Campaign, Gains Support from Twitter Founder”
In his bid to challenge President Joe Biden, Robert F. Kennedy Jr. has directed his focus towards the cryptocurrency community as part of his campaign. On May 3, he took to Twitter to express his views, stating that cryptocurrencies, particularly Bitcoin, are a vital catalyst for innovation. He criticized the U.S. government’s approach, deeming it a mistake to impede the industry and inadvertently push innovation to other regions.
Notably, Kennedy Jr. has garnered support from influential figures, including Jack Dorsey, the founder of Twitter and CEO of the Block Inc. Dorsey recently endorsed the candidate, expressing confidence in his ability to triumph over competitors in the forthcoming race. On Twitter, Dorsey affirmed, “He can and will.”
Kennedy Jr., the son of former Attorney General and Senator Robert F. Kennedy, as well as the nephew of the 35th President of the United States, John F. Kennedy, has received significant backing at a critical juncture for the American cryptocurrency industry. The Securities and Exchange Commission (SEC) has been tightening its grip on crypto businesses due to the absence of a comprehensive regulatory framework for digital assets in the country.