News Explorer — Robert F. Kennedy Jr. Wants Bitcoin Backed U.S. Dollars and Tax Breaks for Investors

By Decrypt July 20, 2023 In Bitcoin, Cryptocurrencies, Ethereum, Tax

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Robert F. Kennedy Jr. Wants Bitcoin Backed U.S. Dollars and Tax Breaks for Investors

Democratic Presidential hopeful Robert Kennedy Jr. has proposed two bold policies for his potential administration. The first is to exempt Bitcoin holders from capital gains tax when exchanging for US Dollars, aiming to spur investment and make the US a cryptocurrency hub. The second is to back the US Dollar and Treasury Bills with hard assets, including Bitcoin, to combat inflation. Kennedy also expressed concerns about voter fraud, mass shootings, and made controversial statements about COVID-19.

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