2 years ago
U.S. statesmanlike campaigner Robert F. Kennedy Jr. says helium does not privation anti-crypto radical connected the Securities and Exchange Commission (SEC). He besides slammed the securities regulator for protecting banks alternatively than the American people. “What they’re doing is obscure, it’s not transparent, and it’s not bringing transparency to our system,” said the statesmanlike hopeful.
RFK Jr connected SEC, Bitcoin, Crypto Regulation
U.S. statesmanlike campaigner Robert F. Kennedy Jr. (RFK Jr.) expressed admiration for bitcoin portion criticizing the regulatory attack of the Securities and Exchange Commission (SEC) towards the cryptocurrency manufacture successful an interrogation with Thestreet, published Friday. RFK Jr. is simply a nephew of erstwhile U.S. President John F. Kennedy and a lad of erstwhile U.S. Attorney General Robert F. Kennedy.
Sharing his volition to nominate crypto-friendly individuals to the SEC should helium beryllium elected president, Kennedy stated:
I don’t privation radical connected the SEC committee who are anti-crypto. At most, they should beryllium neutral, and we should person radical connected determination who are from the crypto community.
Multiple radical person criticized the SEC, nether Chair Gary Gensler, for taking an enforcement-centric approach to regulating the crypto space. In December past year, Gensler said the securities watchdog volition usage each disposable tools to crack down connected uncompliant crypto firms. However, galore person complained that the rules are truthful unclear that it is precise hard to guarantee compliance. Last month, the Nasdaq-listed crypto speech Coinbase filed legal action against the SEC implicit a deficiency of regulatory clarity. In the aforesaid month, U.S. Congressman Warren Davidson (R-OH) revealed that helium is introducing authorities to remove the president of the SEC “to close a agelong bid of abuses.”
Kennedy stressed: “SEC’s relation present is not to support the American people, but it’s to support the banks — peculiarly the cardinal banks and those interests.” He added:
What they’re doing is obscure, it’s not transparent, and it’s not bringing transparency to our system.
RFK Jr Highlights Benefits of Bitcoin
The statesmanlike hopeful has been a beardown protagonist of bitcoin and his run accepts BTC donations. Kennedy explained:
One of the fundaments of Bitcoin is that you tin spot it. And cipher tin manipulate it. There’s nary quality being that tin manipulate it.
“What happens with Bitcoin is very, precise democratic. It’s each decided by each the miners successful a antiauthoritarian mode and by algorithms that can’t beryllium manipulated,” Kennedy continued. “It’s the cleanable basal currency, due to the fact that there’s a finite magnitude of it… The Bitcoin that exists connected the Earth is infinitely divisible, truthful it’s benignant of the cleanable currency — it has an intrinsic worth and it gives radical a mode out.”
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