Summary:
Robert F. Kennedy Jr. joins Trump's transition team, influencing potential policies.
Kennedy suspended his campaign but remains on ballots in Kentucky and Colorado.
He advocates for the U.S. government to buy $615 billion in Bitcoin.
Kennedy views Bitcoin as an exit from inflation and an honest currency.
His support for Trump could attract crypto voters in the upcoming election.
RFK Jr. Joins Trump’s Transition Team
In a surprising political maneuver, Robert F. Kennedy Jr., a long-time Democrat and former political rival of Donald J. Trump, has been appointed to Trump's presidential transition team. This move grants Kennedy significant influence over potential policies in a future Trump administration. In a recent interview with Tucker Carlson, Kennedy revealed that he has been asked to co-chair the transition team alongside former Democrat Tulsi Gabbard.
Kennedy, who suspended his campaign for the 2024 U.S. presidential election last week, crossed party lines to endorse Trump’s bid for the presidency. He stated, “I’ve been asked to go on the transition team, you know, and to help pick the people who will be running the government.” This appointment was confirmed by Trump senior advisor Brian Hughes.
Impact on Cryptocurrency
Political analysts are speculating on the potential implications of Kennedy’s support for Trump, especially regarding cryptocurrency policies. Despite suspending his campaign, Kennedy has applied to remain on the ballot in Kentucky and Colorado, indicating he might not be entirely out of the race.
Kennedy has increasingly embraced Bitcoin and blockchain technology, advocating for significant government investment in crypto. He previously suggested that the federal government should buy Bitcoin to match the size of its gold reserves, and even proposed a $615 billion Bitcoin buy. He views Bitcoin as a viable alternative to traditional currency, labeling it an “honest currency” and a way to escape inflation.
During his keynote address at Bitcoin 2024 in Nashville, he expressed his intent to direct the U.S. Treasury to amass a reserve of $4 million in Bitcoin, emphasizing its significance in economic policy. Kennedy’s evolving stance on cryptocurrency could potentially sway single-issue crypto voters in the upcoming election.
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