U.S. Dollar To Be Backed by Bitcoin if Elected: Robert F. Kennedy Jr.
Democratic Presidential Candidate Robert F. Kennedy Jr. outlined Bitcoin-related policies that would be put in place if he is elected as the President in 2024. Kennedy Jr. revealed his plans to back the US dollar with Bitcoin (BTC). The presidential candidate also announced that investors making profits from Bitcoin would be exempted from capital gains taxes. Kennedy Jr. made the bold political pitch at the Heal-the-Divide PAC event on Tuesday. Kennedy Jr. said that his administration “will exempt the conversion of Bitcoin to the U.S. dollar from capital gains taxes.” Also Read: BRICS: India To Settle Trade With UAE Using Rupee, Ditches U.S. Dollar JUST IN: 🇺🇸 Presidential candidate Robert F. Kennedy Jr. announces plan to back the US dollar with #Bitcoin if elected in 2024. — Watcher.Guru (@WatcherGuru) July 19, 2023 The move would facilitate innovation and put the U.S. as the leader of the cryptocurrency markets and blockchain technology....