Robert F. Kennedy Jr., a prominent United States presidential candidate, has recently made a surprising revelation about his involvement in the world of cryptocurrencies. Contradicting his previous claims, Kennedy Jr. now admits to owning a significant amount of Bitcoin (BTC), specifically between $100,001 and $250,000.
The disclosure, which was obtained by CNBC, unveils Kennedy Jr.’s Bitcoin holdings as of the end of June. Interestingly, this investment materialized after his participation in the Bitcoin 2023 conference, where he made headlines by announcing that his campaign would be the first to accept Bitcoin donations in the country.
During the conference, however, Kennedy Jr. explicitly denied being an investor in Bitcoin and emphasized that he wasn’t present to provide investment advice. Nonetheless, the recently filed financial disclosure presents a different picture.
Although the document doesn’t specify the exact timing of the cryptocurrency purchase, it reveals that the investment has yielded a return of less than $201 thus far. It’s worth noting that the filing doesn’t identify the individual who facilitated the purchase, but Kennedy Jr.’s campaign has acknowledged his ownership of the digital asset.
As Kennedy Jr. vies for the presidency, he has taken a keen interest in the crypto community and has directed his campaign towards addressing related issues. In a tweet on May 3, he praised cryptocurrencies, particularly Bitcoin, as major catalysts for innovation. He criticized the U.S. government for hindering the industry’s progress, which he believes could result in innovation being driven elsewhere.
Kennedy Jr. has garnered support from influential figures in the tech world, including Jack Dorsey, the founder of Twitter and CEO of The Block. Dorsey recently expressed his confidence in Kennedy Jr.’s ability to outperform his opponents in the upcoming race, stating on Twitter that “he can and will” achieve victory.
The presidential candidate’s background is notable, as he is the son of former Attorney General and Senator Robert F. Kennedy, as well as the nephew of John F. Kennedy, the 35th President of the United States. This backing from prominent figures comes at a critical juncture for the American crypto industry, as the Securities and Exchange Commission intensifies its scrutiny of crypto businesses due to the absence of a comprehensive regulatory framework for digital assets in the country.
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