{"id":554170,"date":"2023-10-05T07:21:45","date_gmt":"2023-10-05T07:21:45","guid":{"rendered":"https:\/\/wncen.com\/?p=554170"},"modified":"2024-06-11T08:16:34","modified_gmt":"2024-06-11T08:16:34","slug":"pro-bitcoin-presidential-candidate","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/pro-bitcoin-presidential-candidate\/","title":{"rendered":"Pro-Bitcoin Presidential Candidate Wants To Save BTC From The White House"},"content":{"rendered":"

Pro-Bitcoin Presidential Candidate Robert F. Kennedy Jr. has, at different times, <\/span>jumped to the defense<\/span><\/a> of the flagship cryptocurrency, <\/span>BTC<\/span><\/a>. This time, he promises to protect it if elected as President during the Presidential elections next year.<\/span><\/p>\n

What Kennedy Wants To Do For Bitcoin<\/h2>\n

In an <\/span>interview<\/span><\/a>, the Presidential Candidate mentioned that he intends to end the “current White House war on Bitcoin.\u201d This statement is in reference to the <\/span>anti-crypto stance<\/span><\/a> that the government seems to have taken against Bitcoin and other crypto tokens.\u00a0<\/span><\/p>\n

Related Reading: Will Bitcoin Price Crash To $10,000? Bloomberg Expert Reveals When<\/a><\/div>\n

It is believed that, instead of implementing policies to promote cryptocurrencies, the government has clamped down on the <\/span>industry and its stakeholders<\/span><\/a>. However, Kennedy plans to change that as he mentioned that he will ensure that people can keep their wallets (self-custody) and that transactions are protected, which could foster the use of Bitcoin and other crypto tokens.<\/span><\/p>\n

Interestingly, Kennedy not only happens to be a Bitcoin proponent but is also heavily invested in the token, as he has up to <\/span>$250,000 in BTC holdings<\/span><\/a>. He is also ensuring that others get in on the foremost cryptocurrency, as he mentioned in July that <\/span>he had bought two BTC<\/span><\/a> each for his seven children.\u00a0<\/span><\/p>\n

Meanwhile, aside from ending the White House war on Bitcoin, the Presidential Candidate wants Bitcoin (and possibly other cryptocurrencies) to be treated as a currency rather than a commodity. That way, Bitcoin isn\u2019t subjected to capital gains. This is because cryptocurrencies are majorly considered <\/span>property<\/span><\/a> or investment, and owners are usually expected to <\/span>pay tax on gains<\/span><\/a> from a sale.\u00a0<\/span><\/p>\n

This isn\u2019t the first time Kennedy has made such an assertion. In July, he mentioned that he planned to back the US dollar with BTC and make the conversion of BTC to the US dollar free from <\/span>capital gains taxes under his administration<\/span><\/a>.<\/span><\/p>\n

Crypto And Politics<\/h2>\n

Cryptocurrencies have taken center stage ahead of the upcoming Presidential election next year. Noteworthy is the fact that Kennedy <\/span>isn\u2019t the only candidate<\/span><\/a> who has mentioned plans to stop the \u201cwar\u201d on Bitcoin.\u00a0<\/span><\/p>\n

Republican Presidential Candidate <\/span>Ron DeSantis has also vowed<\/span><\/a> to protect people\u2019s right to own cryptocurrencies and end \u201cBiden\u2019s war on Bitcoin\u201d if elected. He suggested that the current administration wasn\u2019t so welcoming to cryptocurrencies because it poses a \u201cthreat\u201d to them due to its decentralized nature.\u00a0<\/span><\/p>\n

Related Reading: Crypto Is On The Brink Of Explosion As 9-Year DXY Formation Returns<\/a><\/div>\n

While these candidates continue to cozy up to the rising pro-crypto US voters, many are wary that they may simply be trying to do everything possible to get this particular group of voters in their corner and may not have plans to implement any crypto-friendly policies.\u00a0<\/span><\/p>\n

However, a former SEC attorney <\/span>has alluded to the fact<\/span><\/a> that crypto regulation in the country may indeed be political and that there is a higher chance of enjoying a crypto-friendly regulatory atmosphere if a Republican candidate gets elected next year.\u00a0<\/span><\/p>\n

\"Bitcoin<\/p>\n

BTC price sheds gains from Wednesday | Source: BTCUSD On Tradingview.com<\/a><\/pre>\n
Featured image from Decrypt, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Pro-Bitcoin Presidential Candidate Robert F. Kennedy Jr. has, at different times, jumped to the defense of the flagship cryptocurrency, BTC. This time, he promises to protect it if elected as President during the Presidential elections next year. What Kennedy Wants To Do For Bitcoin In an interview, the Presidential Candidate mentioned that he intends to end the “current White House war on Bitcoin.\u201d This statement is in reference to the anti-crypto stance that the government seems to have taken against Bitcoin and other crypto tokens.\u00a0 Related Reading: Will Bitcoin Price Crash To $10,000? Bloomberg Expert Reveals When It is believed that, instead of implementing policies to promote cryptocurrencies, the government has clamped down on the industry and its stakeholders. However, Kennedy plans to change that as he mentioned that he will ensure that people can keep their wallets (self-custody) and that transactions are protected, which could foster the use of Bitcoin and other crypto tokens. Interestingly, Kennedy not only happens to be a Bitcoin proponent but is also heavily invested in the token, as he has up to $250,000 in BTC holdings. He is also ensuring that others get in on the foremost cryptocurrency, as he mentioned in July that he had bought two BTC each for his seven children.\u00a0 Meanwhile, aside from ending the White House war on Bitcoin, the Presidential Candidate wants Bitcoin (and possibly other cryptocurrencies) to be treated as a currency rather than a commodity. That way, Bitcoin isn\u2019t subjected to capital gains. This is because cryptocurrencies are majorly considered property or investment, and owners are usually expected to pay tax on gains from a sale.\u00a0 This isn\u2019t the first time Kennedy has made such an assertion. In July, he mentioned that he planned to back the US dollar with BTC and make the conversion of BTC to the US dollar free from capital gains taxes under his administration. Crypto And Politics Cryptocurrencies have taken center stage ahead of the upcoming Presidential election next year. Noteworthy is the fact that Kennedy isn\u2019t the only candidate who has mentioned plans to stop the \u201cwar\u201d on Bitcoin.\u00a0 Republican Presidential Candidate Ron DeSantis has also vowed to protect people\u2019s right to own cryptocurrencies and end \u201cBiden\u2019s war on Bitcoin\u201d if elected. He suggested that the current administration wasn\u2019t so welcoming to cryptocurrencies because it poses a \u201cthreat\u201d to them due to its decentralized nature.\u00a0 Related Reading: Crypto Is On The Brink Of Explosion As 9-Year DXY Formation Returns While these candidates continue to cozy up to the rising pro-crypto US voters, many are wary that they may simply be trying to do everything possible to get this particular group of voters in their corner and may not have plans to implement any crypto-friendly policies.\u00a0 However, a former SEC attorney has alluded to the fact that crypto regulation in the country may indeed be political and that there is a higher chance of enjoying a crypto-friendly regulatory atmosphere if a Republican candidate gets elected next year.\u00a0 BTC price sheds gains from Wednesday | Source: BTCUSD On Tradingview.com Featured image from Decrypt, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":554172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,1119,89185,1144,78790,88597],"class_list":["post-554170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-btc","tag-btc-news","tag-btcusd","tag-btcusdt","tag-us-presidential-candidate"],"acf":[],"yoast_head":"\nPro-Bitcoin Presidential Candidate Wants To Save BTC From The White House<\/title>\n<meta name=\"description\" content=\"Pro-Bitcoin Presidential Candidate Robert F. 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Pro-Bitcoin Presidential Candidate Wants To Save BTC From The White House","url":"http:\/\/wncen.com\/news\/pro-bitcoin-presidential-candidate\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/pro-bitcoin-presidential-candidate\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Pro-Bitcoin-presidential-candidate-white-house.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Pro-Bitcoin-presidential-candidate-white-house.jpeg?fit=2560%2C1440"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","btc","btc news","btcusd","btcusdt","us presidential candidate"],"dateCreated":"2023-10-05T07:21:45Z","datePublished":"2023-10-05T07:21:45Z","dateModified":"2024-06-11T08:16:34Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Pro-Bitcoin Presidential Candidate Wants To Save BTC From The White House\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/pro-bitcoin-presidential-candidate\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/pro-bitcoin-presidential-candidate\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Pro-Bitcoin-presidential-candidate-white-house.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Pro-Bitcoin-presidential-candidate-white-house.jpeg?fit=2560%2C1440\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"btc\",\"btc news\",\"btcusd\",\"btcusdt\",\"us presidential candidate\"],\"dateCreated\":\"2023-10-05T07:21:45Z\",\"datePublished\":\"2023-10-05T07:21:45Z\",\"dateModified\":\"2024-06-11T08:16:34Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Pro-Bitcoin-presidential-candidate-white-house.jpeg?fit=2560%2C1440","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/554170"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=554170"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/554170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/554172"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=554170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=554170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=554170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}