Please Follow us on Gab, Minds, Telegram, Rumble, Gab TV, GETTR, Truth Social, Twitter
U.S. Democratic presidential candidate Robert F. Kennedy Jr. unveiled a plan to exempt bitcoin (BTC) from capital gains tax when it is converted into U.S. dollars and to begin to back the greenback with "real finite assets" such as gold, silver, platinum and bitcoin.
"Backing dollars and U.S. debt obligations with hard assets could help restore strength back to the dollar, rein in inflation and usher in a new era of American financial stability, peace and prosperity," said Kennedy. He would start the process, he said, "very, very small, perhaps 1% of issued T-bills" would be backed by hard currencies like gold, silver platinum or bitcoin.
Speaking at a Heal-the-Divide PAC event Tuesday evening, he also echoed commitments he made at a conference in May defending the right to self-custody bitcoin, run blockchain nodes at home and promising industry-neutral energy regulation.
To read more visit Coindesk.
Subscribe to our evening newsletter to stay informed during these challenging times!!
So RFK Jr is gonna back fiat currency with bits.
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
What else would you expect from a leftard.
RFK is saying all the right things now, but where was he 2 or 3 years ago or before he started running for POTUS? Just another career politician trying to lie his way into money and power!