Kennedy Jr. Reveals Btc Holdings Contrary To Previous Denial

(MENAFN- CoinXposure)
Robert F. Kennedy Jr., a Democratic presidential candidate, owns up to $250,000 in Bitcoin, contrary to his previous assertion that he was not an investor in the leading cryptocurrency.

At the end of June, Kennedy Jr. owned between $100,001 and $250,000 in Bitcoin, according to a record obtained by CNBC.

The investment was made after he announced at the Bitcoin 2023 conference in May that his campaign would be the first in the United States to accept Bitcoin donations.

During the conference, the candidate denied any interest in Bitcoin investments.“I am not an investor, and I am not here to give investment advice,” he stated.

The June 30 financial disclosure does not indicate when the cryptocurrency was acquired, only that it has returned less than $201 since the initial investment.

The filing does not specify which Kennedy family member made the purchase, although the candidate’s campaign acknowledged that it was Kennedy Jr.

Screenshot of Robert F. Kennedy Jr.’s financial disclosure filed on June 30. Source: CNBC

In his campaign to challenge President Joe Biden, Kennedy Jr. has targeted the crypto community.

In a May 3 tweet, he stated that“cryptocurrencies, led by bitcoin, and other crypto technologies are a major innovation engine” and that it would be a mistake for the u.s. government“to cripple the industry and divert innovation elsewhere.”

See also rak dao, hbar boost crypto ecosystem in uae 4 days ago

Jack Dorsey, founder of Twitter and chief executive officer of Block Inc., has recently joined the candidate’s ranks of wealthy backers.

“He can and will,” tweeted Dorsey regarding the candidate’s strategy to defeat his opponents in the upcoming election.

Kennedy Jr. is the son of former Attorney General and Senator Robert F. Kennedy and the nephew of John F. Kennedy, the 35th President of the United States.

His support comes at a crucial time for the American crypto industry, as the securities and exchange commission (SEC) is cracking down on crypto businesses due to the lack of an appropriate regulatory framework for digital assets in the United States.

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