Cryptocurrency Bitcoin has a chance to gain freedom in the United States — here is the main condition

US presidential candidate Robert F. Kennedy Jr, the nephew of President John F. Kennedy, has promised to support bitcoin and the freedom to conduct cryptocurrency transactions if he wins the election in 2024. In a lengthy interview with the New York Post, the Democratic candidate said that people should be able to manage their own money.

«I will make sure that we have policies that support bitcoin, the freedom of movement of funds, and allow people to manage their own wallets, nodes, and passwords. I will only allow the minimum controls necessary to prevent money laundering,» the politician said.

Kennedy Jr. was considered a minor candidate, but less than two months after announcing his candidacy, he has already garnered the support of 20% of Democrats, compared to 60% for incumbent US President Joe Biden.

The politician did not give a specific answer to the question whether, if he wins the election, he plans to nominate anyone who supports cryptocurrencies to the SEC. However, he noted that he opposes central bank digital currencies (CBDCs). «They are tools of control and suppression, and they will surely be abused,» Kennedy explained.

With the help of the digital national currency, the US government will be able to monitor all the finances of any American, the politician said. Moreover, the Central Bank will have the right to set dollar limits on citizens' transactions and restrict where and to whom they send money. «CBDC, tied to a digital ID and social credit score, will allow the government to freeze your assets or limit your spending to approved vendors if you don’t listen to arbitrary dictates,» the presidential candidate said in April.

Initially, Kennedy believes the Fed will limit CBDC to interbank transactions. However, the agency may later confiscate bitcoins from citizens. «Governments, which never let a crisis go to waste, are using Covid-19 and the banking crisis to present CBDC as a 'safe haven' from germ-infested paper currencies,» the politician concluded.