- U.S. presidential candidate Robert F. Kennedy Jr. promised to end the White House war regarding Bitcoin.
- Kennedy said he would treat Bitcoin as a currency rather than a commodity and encourage transactions.
- He added that small transactions and traders will be shielded from taxes while using the cryptocurrency.
U.S. presidential candidate under the democratic party, Robert F. Kennedy Jr., has vowed to take a different approach to crypto assets, especially Bitcoin if he clinches the coveted office. He made these statements in a recent interview with Bitcoin Magazine.
Kennedy, a known cryptocurrency supporter, promised to end the white house war on Bitcoin. He added that transactions will be protected and encouraged in the country.
Furthermore, he stated that Bitcoin will be treated as a currency rather than a commodity. Currently, crypto assets are treated as commodities for tax and regulatory purposes in the U.S. However, there are still gaps in regulatory guidance as it concerns crypto assets use in the country.
In what would delight many, Kennedy further added that Bitcoin transactions would be protected and encouraged. In addition, he said special c…
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