Democratic presidential nominee Robert F. Kennedy Jr. confirmed that he owns a significant amount of bitcoin — after failing to claim it and after the cryptocurrency was originally attributed to his wife. However, according to his campaign, it is not a conflict of interest.
Kennedy praised bitcoin during a keynote address at Bitcoin 2023 in Miami in May, saying the network should be cared for and protected. He also said his campaign would accept donations in Bitcoin. But he too told conference attendees that he is not an investor in Bitcoin and that his endorsement of the asset does not amount to investment advice.
However, a financial one disclosure received from CNBC shows Kennedy’s family holding between $100,001 and $250,000 worth of bitcoin in a brokerage account as of June 30. The filing, which does not indicate when the investment was made, says Kennedy’s family’s income from the purchase is less than $201.
Kennedy’s campaign manager, Democratic Rep. Dennis Kucinich, told CNBC that there is no conflict of interest and that the purchase followed Kennedy’s positive comments on Bitcoin in Miami.
After the report was published, Kennedy’s campaign initially covered it CNBC The bitcoin belonged to Kennedy’s wife, Cheryl Hines, known for her work on the TV show Curb Your Enthusiasm. A representative from Kennedy’s campaign team later said that they were wrong and that the Bitcoin investment actually belonged to Kennedy.
On the Democratic side of the ballot, Kennedy was among the candidates a staunch supporter of bitcoin, while Republican candidates such as Florida governor are considered candidates Ron DeSantis And Vivek Ramaswamy have also attempted to provoke the Bitcoin vote.
While Kennedy’s comments on bitcoin have become rarer since Miami – the topic never showed up During his lengthy one-to-one conversation with Twitter owner Elon Musk last month, Kennedy occasionally continued to tweet that he supports the oldest cryptocurrency coin.
“Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it also points the way to a future where government institutions are more transparent and democratic,” he said on June 27.
Kennedy has garnered the support of a number of prominent members of the crypto community, including Block CEO Jack Dorsey, who said last month to Kennedy: “can and will”They beat DeSantis or Donald Trump at the ballot box.
To do that, Kennedy would first have to win in the Democratic presidential primary against President Joe Biden. A recently Opinion poll by Echelon Insights shows that 65% of voters would stay with Biden as opposed to 14% who would choose Kennedy.
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