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- Robert F. Kennedy Jr., in a tweet, stated Bitcoin will not be so unhealthy for the setting.
- In response to the environmental lawyer and presidential aspirants, environmental issues shouldn’t have an effect on the liberty to transact.
- RFK Jr. is without doubt one of the many presidential aspirants who’re robust supporters of the crypto ecosystem.
U.S. Presidential Aspirant Robert F. Kennedy Jr lately spoke out in assist of Bitcoin, saying the cryptocurrency is “not so unhealthy for the setting.” Reacting to an evaluation on Twitter, Robert F. Kennedy Jr, who can be an environmental lawyer, additional stated, “Environmental argument shouldn’t be used as a smokescreen to curtail freedom to transact.”
Environmental issues are one of many foremost points raised by blockchain critics. These issues additionally made Ethereum change from a proof-of-work blockchain to a proof-of-stake blockchain. That manner, the blockchain substituted its energy-intensive mining course of for validators.
Kennedy Jr., who’s an aspirant underneath the Democratic Get together, is an avid supporter of cryptocurrencies. With the elections quickly approaching, he has been listed as one of many candidates with comfortable spots for the crypto ecosystem. Not solely that, however he additionally bought Bitcoin for his kids, taking his cryptocurrency advocacy past mere speculations.
He and Ron DeSantis are robust contenders in opposition to incumbent President Joe Biden for the Democratic Get together Presidential Ticket. Whereas Kennedy Jr. and DeSantis are bullish on cryptocurrencies, Biden, alternatively, has maintained a cautious stance on cryptocurrencies. Beneath his administration, the crypto ecosystem has seen stricter regulation and scrutiny, forcing many crypto entities to hunt authorized motion.
Biden’s administration additionally noticed the introduction of a proposed 30% tax on cryptocurrency mining, a transfer prone to discourage mining actions within the nation. Additional, the 2023 Financial system Report of the President additionally downplayed the attraction and claims of crypto establishments. In response to the report, cryptocurrencies are dangerous speculative funding autos.
In associated information, the U.S. SEC and CFTC have lately taken authorized motion in opposition to main crypto corporations like Ripple, Binance, and Coinbase. Earlier right now, Coinbase’s CEO Brian Armstrong revealed that the SEC had requested the crypto trade to delist all its listed tokens besides Bitcoin earlier than it began a authorized swimsuit in opposition to it.