Robert F. Kennedy Jr. is a member of one of the most famous U.S. political family and also the latest presidential candidate for the 2024 presidential elections. Kennedy has raised a number of concerns regarding the White House’s effort to initiate a 30% tax on crypto mining all across the US. To challenge president Joe Biden, Kennedy addressed a number of crypto issues in his newly announced campaign for the 2024 presidential elections.
The candidate castigated the proposal made by Biden’s administration to excise tax which would ultimately lead to charging crypto mining operations up to 30 % of their energy costs.
Biden’s administration cited, despite no demonstrated benefit the sector tends to cause environmental harm to which the candidate replied “It is a mistake for the U.S. government to hobble the industry and drive innovation elsewhere. Biden’s proposed 30% tax on crypto mining is a bad idea”.
According to early polling, Robert F. Kennedy Jr., whose father was assassinated during his own presidential campaign in 1968, is reportedly polling in the double digits as a potential Democratic primary challenger to President Biden. Kennedy is known for his critical views on vaccinations, as well as his past support for cryptocurrency. These positions have resurfaced as Kennedy was recently announced as a speaker for the upcoming Bitcoin 2023 conference in Miami Beach, Florida, which is scheduled to take place later this month.
He stated earlier this week that the banking system has been damaged by what he views as an “extra-legal war on crypto” being waged by U.S. financial regulators. Additionally, he expressed his opinion on central bank digital currencies (CBDC) last month, asserting that such government-issued tokens would serve as “ultimate mechanisms for social surveillance and control” in the ongoing debate surrounding their implementation.