This week, 2 candidates for the 2024 United States Presidential Election announced that they are accepting Bitcoin donations. As the country is singled out for its repressive regulation, will cryptocurrencies play a political role in the upcoming election?
Bitcoin in the US Presidential Race
Robert Francis Kennedy Jr., member of the Democratic Party in the United States, announced this weekend as part of the Bitcoin 2023 conference that he would accept BTC donations to fund his presidential campaign.
As a result, the nephew of former President John Fitzgerald Kennedy made history in the race for the White House, becoming the first candidate to do so.
Note that the person concerned has already placed himself in favor of cryptocurrencies on several occasions. Earlier this month, for example, he expressed his opposition to the government’s proposal to tax cryptocurrency miners up to 30%, qualifying crypto technologies as a major driver of innovation :
Cryptocurrencies, led by bitcoin, along with other crypto technologies are a major innovation engine. It is a mistake for the US government to hobble the industry and drive innovation elsewhere. Biden’s proposed 30% tax on cryptocurrency mining is a bad idea. đ§”
âRobert F. Kennedy Jr (@RobertKennedyJr) May 3, 2023
While during the Covid-19 pandemic, he had taken a strong position against vaccination, he returned to this point during his intervention at Bitcoin 2023 referring to the measures taken by the Canadian government against the demonstrators of the âfreedom convoysâ:
âWhen I witnessed this cataclysm, this devastating use of government repression, I realized for the first time how free money is as important to freedom as free speech. »
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Vivek Ramaswamy also says âyesâ to Bitcoin
Saturday night is another candidate for the 2024 US presidential election who in turn formalized that he accepted donations in BTCagain as part of the Bitcoin 2023 conference. This is Republican Vivek Ramaswamy, who called for making the election a âfiat currency referendum» :
Just announced we’re officially accepting #Bitcoin donations.
Give $1.
Let’s make the 2024 election a referendum on fiat currency. https://t.co/KrHJdomtCh pic.twitter.com/OkVmoBmTFzâVivek Ramaswamy (@VivekGRamaswamy) May 20, 2023
The candidate also highlighted the freedoms inherent in Bitcoin’s philosophy:
âFreedom of money and freedom of speech are two sides of the same coin in this country. Rekindle confidence in our monetary system and confidence in America itself. »
On his Twitter account, two donation pages were shared, one powered by Bitpay services and the second by OpenNode.
While the US elections will not take place until November next year, it is still far too early to draw any real conclusions about these announcements. For one as for the other, we must not rule out the possibility that these speeches are there only to capture a part of the electorate.
Nevertheless, it will be interesting to see the place that crypto-assets will take in the debateswhile the country tends to stand out for its hostility since the election of Joe Biden.
đ Also in the news â Tornado Cash: hacker takes over governance after malicious proposal
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
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