This week, 2 candidates for the 2024 United States Presidential Election announced that they are accepting Bitcoin donations. As the country draws attention for its strict regulation, will cryptocurrencies play a political role in the upcoming election?
Bitcoin in the United States Presidential Race
Robert Francis Kennedy Jr., a member of the Democratic Party in the United States, announced this weekend as part of the Bitcoin 2023 conference that he would accept BTC donations to fund his presidential campaign.
As a result, the nephew of former President John Fitzgerald Kennedy made history in the race for the White House, becoming the first candidate to do so.
Note that the person concerned has repeatedly put himself in favor of cryptocurrencies. Earlier this month, for example, he expressed his opposition to the government’s proposal to tax cryptocurrency miners up to 30%, encryption technologies qualify as a key driver of innovation :
Cryptocurrencies, led by bitcoin, along with other crypto technologies, are a major engine of innovation. It is a mistake for the US government to fight industry and drive innovation elsewhere. Biden’s proposed 30% tax on cryptocurrency mining is a bad idea. 🧵
—Robert F. Kennedy Jr (@RobertKennedyJr) May 3, 2023
During the Covid-19 pandemic, he had taken a strong stand against vaccination, he returned to this point during his intervention at Bitcoin 2023 referring to the measures taken by the Canadian government against the demonstrators of the “freedom march”:
“When I saw this cataclysm, this disastrous use of government oppression, I realized for the first time that free money is as important to freedom as free speech. »
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Vivek Ramaswamy also says “yes” to Bitcoin
She is another candidate on Saturday night for the 2024 US presidential election which he formalized that he accepted donations in BTCagain as part of the Bitcoin conference 2023. This is Republican Vivek Ramaswamy, who called for the election to be “fiat currency referendum»:
Just announced that we are officially accepting #Bitcoin donations.
Give $1.
Let’s make the 2024 election a referendum on fiat currency. https://t.co/KrHJdomtCh pic.twitter.com/OkVmoBmTFz—Vivek Ramaswamy (@VivekGRamaswamy) May 20, 2023
The candidate also emphasized the freedoms inherent in Bitcoin’s philosophy:
“Freedom of money and freedom of speech are two sides of the same coin in this country. Regenerate confidence in our monetary system and confidence in America itself. »
On his Twitter account, two donation pages were shared, one powered by Bitpay services and the second by OpenNode.
Although the US elections will not take place until November next year, it is still far too early to draw any real conclusions from these announcements. In the case of one person and the other, we must not exclude that these speeches are only there to capture some of the electorate.
However, it will be interesting to see the place that crypto-assets will take in the debatesalthough the country has tended to stand out from its hostility since the election of Joe Biden.
👉 Also in the news – Cash Tornado: hacker takes over governance after malicious proposal
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I tentatively discovered the blockchain world at the end of 2018 during my quest for financial freedom. At first invested moderately, it was only two years later that I made the mistake of betting everything on the movement that was taking shape at that time. I then dedicate 2021 to train myself better to gain more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I know, I want to share with you.
Vincent Mayor
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