In a current tweet, US Democratic presidential candidate Robert F. Kennedy Jr. shared his ideas on the cryptocurrency trade.
Cryptocurrencies, led by bitcoin, together with different crypto applied sciences, are the primary driver of innovation. It’s a mistake for the US authorities to hinder trade and encourage innovation elsewhere. Biden’s proposed 30% tax on cryptocurrency mining is a nasty concept. 🧵
— Robert F. Kennedy Jr. (@RobertKennedyJr) in 2023 Might 3
Kennedy believes that cryptocurrencies, led by Bitcoin and different encryption applied sciences, are the primary driver of innovation and that the US authorities is fallacious to dam the trade.
Kennedy’s feedback had been in response to President Biden’s proposed cryptocurrency mining tax, which may impose a 30 p.c tax on cryptocurrency mining operations.
Kennedy believes the proposal is a nasty concept and goes in opposition to the necessity to encourage innovation within the cryptocurrency trade.
Over the previous few years, the cryptocurrency trade has been topic to a flurry of rules and governments world wide have sought to rein within the trade.
In some circumstances, this has led to outright bans on cryptocurrencies and associated applied sciences, whereas in different circumstances governments have tried to manage the trade by means of taxes and different means.
Kennedy believes that these measures are counterproductive and that the federal government ought to encourage the cryptocurrency trade. He believes that cryptocurrencies can revolutionize the monetary trade and spur innovation in different areas.
Kennedy’s feedback are notable as a result of he’s the son of former US Senator Robert Kennedy, the nephew of President John F. Kennedy and the son of former Senator Ted Kennedy.
His household’s legacy in American politics makes his strategy to cryptocurrency regulation and innovation all of the extra compelling.
DISCLAIMER: The knowledge supplied by WebsCrypto is just not an funding provide. The articles revealed on this web site replicate private opinions solely and don’t have anything to do with the official place of WebsCrypto.
