Presidential Candidate RFK Jr. Unleashes Fury Against Biden’s Crypto Tax Proposal — The Battle Begins

Robert F. Kennedy Jr., the newest presidential candidate and a member of some of the well-known U.S. political households, criticized President Joe Biden‘s proposed 30% tax on cryptocurrency mining, calling it a “unhealthy concept.”

Kennedy believes that cryptocurrencies, similar to Bitcoin BTC/USD, function a big innovation engine and that the U.S. authorities mustn’t hinder the business or drive innovation elsewhere.

Whereas acknowledging vitality use issues, Kennedy argued Bitcoin mining’s vitality consumption is on par with that of video video games, which face no such requires bans or taxation.

He recommended the environmental argument is a selective pretext to suppress something that threatens elite energy constructions, like Bitcoin.

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Moreover, Kennedy identified that it isn’t simply criminals who search privateness but in addition dissidents and extraordinary residents.

He asserted that governments use management over financial institution accounts and fee platforms to harass enemies and suppress dissent.

In keeping with Kennedy, till belief in authorities is restored, money and cryptocurrencies are important to making sure freedom.

“Simply as a biodiverse ecosystem is a resilient ecosystem, so too will our financial system be extra resilient if it has a various ecology of currencies, not only a single, centrally managed one. We’re seeing at the moment how fragile our over-centralized system is,” he acknowledged.

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