{"id":11150,"date":"2023-05-19T20:23:31","date_gmt":"2023-05-20T00:23:31","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/democratic-presidential-candidate-kennedy-lays-out-campaign-promises-for-bitcoin\/"},"modified":"2023-05-19T20:23:32","modified_gmt":"2023-05-20T00:23:32","slug":"democratic-presidential-candidate-kennedy-lays-out-campaign-promises-for-bitcoin","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=11150","title":{"rendered":"Democratic Presidential Candidate Kennedy Lays Out Campaign Promises for Bitcoin"},"content":{"rendered":"<div>\n<p>Democratic presidential candidate Robert F. Kennedy Jr. made campaign promises on Friday advocating for bitcoin users, adding that he plans to accept campaign donations in bitcoin.<\/p>\n<p>\u201cAs president, I will make sure that your right to hold and use bitcoin is inviolable,\u201d Kennedy said at the <u>Bitcoin 2023 Conference<\/u> in Miami.<\/p>\n<p>Kennedy, who is the nephew of former President John F. Kennedy and the son of Robert F. Kennedy, announced his run for US president last month.\u00a0<\/p>\n<p>Kennedy has been vocal in his <u>support<\/u> for crypto, calling them a \u201cmajor innovation engine.\u201d<\/p>\n<h2>Campaign promises<\/h2>\n<p>Kennedy notably said that bitcoin is not a security and should not be regulated as one.<\/p>\n<p>\u201cBitcoin is in a class by itself,\u201d Kennedy said.<\/p>\n<p>US Securities and Exchange Commission Chair Gary Gensler confirmed that everything other than bitcoin would be considered a security in an interview with the <u>Intelligencer<\/u> in February.\u00a0<\/p>\n<p>Kennedy also said he would ensure that the US \u201cremains the global hub of bitcoin and other cryptocurrencies.&#8221;<\/p>\n<p>\u201cI will reverse the government\u2019s growing hostility toward this industry and keep innovation at home,\u201d Kennedy said.\u00a0<\/p>\n<p>Kennedy also said he would \u201ccarefully consider\u201d whether people like Ross Ulbricht were \u201cprosecuted for actual crimes or as a means to crack down on crypto.\u201d<\/p>\n<p>\u201cIf they had been unjustly made an example, I will consider pardoning them,\u201d Kennedy said.\u00a0<\/p>\n<p>Ulbricht, who was the creator and main operator of the darknet marketplace Silk Road, was handed a double life sentence in 2015.\u00a0<\/p>\n<p>Kennedy also announced on Friday that he would \u201cthe first presidential campaign in history to accept bitcoin donations through the Lightning Network.\u201d<\/p>\n<p>The Lightning Network is decentralized and enables instant payments.\u00a0<\/p>\n<p>Republican presidential candidate Rand Paul also said he would accept campaign contributions in bitcoin back in 2015.\u00a0<\/p>\n<p>\u201cToday, we move one step closer to the future,\u201d Kennedy said. \u201cToday we show the world the power and the durability and the flexibility of bitcoin.\u201d\u00a0<\/p>\n<\/p><\/div>\n<p>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/democratic-presidential-candidate-kennedy-lays-out-campaign-promises-for-bitcoin.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Democratic presidential candidate Robert F. Kennedy Jr. made campaign promises on Friday advocating for bitcoin users, adding that he plans to accept campaign donations in bitcoin. \u201cAs president, I will make sure that your right to hold and use bitcoin is inviolable,\u201d Kennedy said at the Bitcoin 2023 Conference in Miami. Kennedy, who is the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-11150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Democratic Presidential Candidate Kennedy Lays Out Campaign Promises for Bitcoin | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Democratic presidential candidate Robert F. 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