RFK Jr. becomes the latest to promise the cessation of US hostility towards cryptocurrency.

Robert F. Kennedy Jr., a longshot candidate in the United States presidential race, made a promise to end what he sees as regulatory opposition towards cryptocurrencies if elected. He believes that the restriction on “transactional freedom” poses a threat to Americans and their financial sovereignty. Kennedy highlighted the Canadian government’s freezing of fiat and crypto assets as an example of why financial independence is necessary. He argued that the Biden administration’s stance on Bitcoin has pushed the technology to other countries, such as Switzerland and Singapore, and aims to make the U.S. the center of blockchain technology. Kennedy pledged to regulate cryptocurrencies in a way that protects consumers from fraudulent schemes, while also encouraging the use of decentralized currencies. However, with a slim chance of winning the presidency, Kennedy currently has a 9.8% polling rate, compared to Donald Trump’s 41.2% and President Joe Biden’s 39.5%. Kennedy’s favorability has also dropped, with a significant portion of respondents expressing an unfavorable opinion of him. The U.S. crypto industry has criticized the SEC for its lack of jurisdiction over digital assets and its alleged misuse of securities laws in lawsuits against crypto firms. The Federal Reserve and the FDIC are also viewed as unwelcoming to cryptocurrencies. The U.S. presidential election is scheduled for November 5th.