{"id":194600,"date":"2023-10-05T09:39:13","date_gmt":"2023-10-05T09:39:13","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194600"},"modified":"2023-10-05T09:39:13","modified_gmt":"2023-10-05T09:39:13","slug":"pro-bitcoin-presidential-candidate-wants-to-save-btc-from-the-white-house","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/pro-bitcoin-presidential-candidate-wants-to-save-btc-from-the-white-house\/","title":{"rendered":"Pro-Bitcoin Presidential Candidate Wants To Save BTC From The White House"},"content":{"rendered":"<p><span>Pro-Bitcoin Presidential Candidate Robert F. Kennedy Jr. has, at different times, <\/span><span>jumped to the defense<\/span><span> of the flagship cryptocurrency, <\/span><span>BTC<\/span><span>. This time, he promises to protect it if elected as President during the Presidential elections next year.<\/span><\/p>\n<h2>What Kennedy Wants To Do For Bitcoin<\/h2>\n<p><span>In an <\/span><span>interview<\/span><span>, the Presidential Candidate mentioned that he intends to end the &#8220;current White House war on Bitcoin.\u201d This statement is in reference to the <\/span><span>anti-crypto stance<\/span><span> that the government seems to have taken against Bitcoin and other crypto tokens.\u00a0<\/span><\/p>\n<p><span>It is believed that, instead of implementing policies to promote cryptocurrencies, the government has clamped down on the <\/span><span>industry and its stakeholders<\/span><span>. 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<p><span>Interestingly, Kennedy not only happens to be a Bitcoin proponent but is also heavily invested in the token, as he has up to <\/span><span>$250,000 in BTC holdings<\/span><span>. He is also ensuring that others get in on the foremost cryptocurrency, as he mentioned in July that <\/span><span>he had bought two BTC<\/span><span> each for his seven children.\u00a0<\/span><\/p>\n<p><span>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><span>property<\/span><span> or investment, and owners are usually expected to <\/span><span>pay tax on gains<\/span><span> from a sale.\u00a0<\/span><\/p>\n<p><span>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><span>capital gains taxes under his administration<\/span><span>.<\/span><\/p>\n<h2>Crypto And Politics<\/h2>\n<p><span>Cryptocurrencies have taken center stage ahead of the upcoming Presidential election next year. Noteworthy is the fact that Kennedy <\/span><span>isn\u2019t the only candidate<\/span><span> who has mentioned plans to stop the \u201cwar\u201d on Bitcoin.\u00a0<\/span><\/p>\n<p><span>Republican Presidential Candidate <\/span><span>Ron DeSantis has also vowed<\/span><span> 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<p><span>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<p><span>However, a former SEC attorney <\/span><span>has alluded to the fact<\/span><span> 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<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.tradingview.com\/x\/VhnEQE57\/\"><\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/pro-bitcoin-presidential-candidate\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pro-Bitcoin Presidential Candidate Robert F. Kennedy Jr. has, at different times, jumped to the defense&#8230;<\/p>\n","protected":false},"author":4,"featured_media":194599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pro-Bitcoin Presidential Candidate Wants To Save BTC From The White House - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/pro-bitcoin-presidential-candidate-wants-to-save-btc-from-the-white-house\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pro-Bitcoin Presidential Candidate Wants To Save BTC From The White House - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Pro-Bitcoin Presidential Candidate Robert F. 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