United States presidential candidate Robert F. Kennedy Jr. has introduced a plan to again the greenback with Bitcoin, and finish taxes on Bitcoin.
From a report:
Talking at a Heal-the-Divide PAC occasion, Democratic Presidential Candidate Robert F. Kennedy Jr. outlined particular Bitcoin-focused insurance policies that he would enact as president, together with progressively backing the U.S. greenback with bitcoin and making bitcoin earnings exempt from capital beneficial properties taxes.
“My plan could be to start out very, very small, maybe 1% of issued T-bills could be backed by arduous forex, by gold, silver platinum or bitcoin,” Kennedy mentioned, describing his imaginative and prescient for returning to a tough forex commonplace within the U.S.
He added that, relying on the result of that preliminary step, he would enhance that allocation yearly. This potential coverage reimagines the monetary system, pointing to a future the place bitcoin’s absolute shortage and sound financial ideas reinforce the U.S. greenback’s eroding place because the world reserve forex. Kennedy Jr. added: “Backing {dollars} and U.S. debt obligations with arduous belongings may assist restore energy again to the greenback, rein in inflation and usher in a brand new period of American monetary stability, peace and prosperity.”
As well as, Kennedy introduced his administration “will exempt the conversion of bitcoin to the U.S. greenback from capital beneficial properties taxes”
