Robert F. Kennedy Jr Promises to Back US Dollar With Bitcoin, Remove Capital Gains Tax for BTC if Elected | CoinMarketCap

Kennedy made the suggestion that supporting the dollar with "hard currency," such as gold, silver, platinum, or Bitcoin, could assist to re-stabilize the American economy while speaking at a Heal-the-Divide PAC event. Kennedy said that the process will take time, with possibly the first 1% of issued T-bills being backed by hard currency.

He also suggested exempting Bitcoin to US dollar exchanges from capital gains taxes, which he feels would encourage investment and provide incentives for businesses to expand in the US.

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Robert F. Kennedy Jr vows to back US dollar with Bitcoin if elected presidentDemocratic presidential candidate Robert F. Kennedy Jr says he will back the U.S. dollar with Bitcoin if elected President, claiming the move could “rein in inflation.” RobertKennedyJr Kennedy declared he would make Bitcoin to U.S. dollar conversions exempt from capital gains taxes. In his view, the proposed exemption would spur investment and incentivize ventures to grow their business in the U.S. instead of other crypto-friendly jurisdictions.
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