Robert Kennedy jumped in support of Bitcoin, to grab better support from the US crypto sector.
Bitcoin is now a highly famous & safe investment digital asset for the internet world explorers & also for traditional Investors. But the lack of a regulation system for the crypto sector is creating an opportunity for Politicians to grab attention from this sector significantly. Over the past several years many politicians grabbed support from the crypto traders for their crypto-friendly statements.
Recently Robert Kennedy, a US presidential candidate, argued that Bitcoin and other crypto assets operate on a decentralised network and these are less vulnerable to market volatility and the government’s financial policies.
Here Kennedy believes that it is better to use crypto & Bitcoin, as the best alternative to the traditional financial system.
The crypto sector is growing rapidly and the money flow is surging rapidly. Many times many ruling politicians slammed the growing adoption of cryptocurrencies in the US. In the last couple of years, the United States Securities and Exchange Commission (SEC) rapidly took action against successful crypto companies.
After the downfall of the FTX exchange in Nov 2022, multiple US regulators showed very angry action against several regulated crypto companies, including Kraken, Coinbase, Paxos Trust, Binance.com, etc.
Politicians vs CBDC
At present, the United States Federal Reserve (Fed) is also working ( study & development) on central bank digital currency (CBDC), to remain top in the race for economic growth in the world.
In the past couple of years, US politicians have taken a negative stance over the CBDC concept citing a threat to the financial privacy of the citizens.
Recently Florida Governor said that citizens are wise & they will not allow CBDC to control their own money.
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