• Robert F. Kennedy Jr., a Democratic presidential candidate, has proposed to back the US dollar with Bitcoin and exempt BTC from capital gains tax.
• He believes that eliminating taxes on the flagship crypto asset will help protect civil liberties and incentivize tech jobs in the United States.
• The plan also includes using real finite assets such as gold, silver, platinum and Bitcoin to strengthen the US dollar and guarantee its success as a world reserve currency.
Robert F. Kennedy Jr.’s Plan For U.S. Presidential Election
Democratic presidential candidate Robert F. Kennedy Jr. has outlined his plans for Bitcoin (BTC) if he gets elected in November 2024 election.
Back US Dollar With Bitcoin
Kennedy’s plan involves backing the US dollar with real finite assets such as gold, silver, platinum and Bitcoin to strengthen it and guarantee its continued success as a world reserve currency.
Exempt Conversion of BTC To Dollars From Capital Gains Tax
He also proposes exempting the conversion of Bitcoin to dollars from capital gains tax.
Benefits Of Removing Taxes On Crypto Assets
Kennedy believes that removing taxes on crypto assets will facilitate innovation, spur investment, ensure citizen privacy, and incentivize ventures to grow their business and tech jobs in the United States rather than overseas.
Protect Civil Liberties
Kennedy says his policy will help protect civil liberties because non-taxable events are unreportable which makes it harder for governments to weaponize currency against free speech.Allgemein admin