Democratic presidential candidate Robert F. Kennedy Jr. owns a whopping $250,000 in Bitcoin (BTC), in stark contrast to his previous claims that he is not an investor in the leading cryptocurrency.
Kennedy Jr., according to a record obtained by CNBC. own At the end of June, bitcoin was worth between $100,001 and $250,000. The investment follows his speech at the Bitcoin 2023 conference in May, when he announced that his campaign would be the first in the United States to accept donations in bitcoin.
During the meeting, the candidate also denied investing in bitcoin. “I’m not an investor and I’m not here to give investment advice,” he said.
The financial disclosure, filed on June 30, did not specify when the cryptocurrency was purchased, saying only that it had returned less than $201 since the investment. The document does not identify who made the purchase in the Kennedy family, although the candidate’s campaign acknowledged it was Kennedy Jr.
President Kennedy Jr. has challenged Joe Biden, who has targeted the cryptocurrency community in his campaign.In a Twitter post on May 3, he said pointed out “Cryptocurrencies led by Bitcoin, among other crypto technologies, are the main innovation engines,” adding that it was a mistake for the U.S. government to “hold back the industry and drive innovation elsewhere.”
Among his wealthy backers is Twitter founder and Block Inc. CEO Jack Dorsey, who has also recently thrown his weight behind the candidate. “He can and will,” Dorsey tweeted about the candidate’s strategy to defeat his opponent in the upcoming race.
Kennedy Jr. is the son of former Attorney General and Senator Robert F. Kennedy, and the nephew of the 35th President of the United States, John F. Kennedy.His support comes at a pivotal time for the U.S. crypto industry, as the U.S. Securities and Exchange Commission (SEC) is cracking down on crypto businesses amid the lack of a proper regulatory framework for digital assets in the U.S.
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