TechFlow News — Independent presidential candidate Robert F. Kennedy Jr. delivered a speech at the Bitcoin2024 event on July 26 (Beijing time), in which he praised the potential role of Bitcoin in improving the U.S. economy and lifestyle.
He pledged that, upon taking office, he would sign multiple executive orders to initiate related processes. Kennedy stated he would direct the Department of Justice and the U.S. Marshals Service to transfer the U.S. government’s 204,000 seized bitcoins into the Federal Reserve as a "strategic asset," and instruct the Treasury Department to purchase 500 bitcoins daily until reserves reach at least 4 million BTC.
He predicted the U.S. would achieve a "dominant position that other nations cannot surpass," with its Bitcoin holdings eventually worth "trillions of dollars."
In addition, Kennedy plans to order that all transactions between Bitcoin and U.S. dollars be exempt from reporting and taxation by the Internal Revenue Service (IRS), and to include Bitcoin in the 1031 exchange program to encourage investment.
He emphasized that transactional freedom is as vital as freedom of speech, and that Bitcoin can provide this freedom and help restore the American economy. Kennedy also claimed that if the world adopted a Bitcoin standard, wars would cease to exist, because "you cannot print Bitcoin."
He plans to appoint Space Force Major Jason Lowery as National Security Advisor, and has promised to back U.S. Treasury bonds with hard assets—including precious metals and Bitcoin—to strengthen the dollar, control inflation, and usher in a new era of financial stability.
