Democratic presidential candidate Robert F. Kennedy Jr. owns up to $250,000 worth of Bitcoin (BTC), contrary to his previous claims that he is not an investor in the leading cryptocurrency.
A record obtained by CNBC shows that Kennedy Jr. owned between $100,001 and $250,000 worth of bitcoin at the end of June. The investment comes after his speech at the 2023 Bitcoin Conference in May, when he announced that his campaign would be the first to accept Bitcoin donations in the United States.
During the conference, the candidate also denied investing in Bitcoin. “I’m not an investor and I’m not here to give investment advice,” he explained.
The financial disclosure, filed on June 30, does not state when the cryptocurrency was purchased, only that it has returned less than $201 since the investment. The record does not indicate who in the Kennedy family made the purchase, although the candidate’s campaign confirmed it was Kennedy Jr.
Screenshot of Robert F. Kennedy Jr.’s financial disclosure filed June 30. Source: CNBC
Kennedy Jr. is challenging President Joe Biden and has targeted the crypto community in his campaign. In a May 3 Twitter post, he stated that “cryptocurrencies, most notably Bitcoin, along with other crypto technologies, are a major driver of innovation,” adding that it was a mistake for the US government to “hinder the industry and driving innovation elsewhere”. ”
Among his wealthy supporters is Block Inc. Twitter founder and CEO Jack Dorsey, who has recently campaigned for the candidate with a vengeance. “He can and will,” Dorsey wrote on Twitter of the candidate’s strategy for beating his opponents in the upcoming race.
Kennedy Jr. is the son of former Attorney General and Senator Robert F. Kennedy and the nephew of the 35th President of the United States, John F. Kennedy. His endorsement comes at a crucial time for America’s crypto industry, as the Securities and Exchange Commission (SEC) is cracking down on crypto companies for the lack of a proper regulatory framework for digital assets in the US
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