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Democratic presidential candidate Robert F. Kennedy Jr. owns up to $250,000 in bitcoin (BTC), contrary to his previous claim that he was not an investor in the leading cryptocurrency.
A record obtained by CNBC shows Kennedy Jr. possession At the end of June, the price of bitcoin was between $100,001 and $250,000. The investment follows his speech at the Bitcoin 2023 conference in May, when he announced that his campaign would be the first in the United States to accept bitcoin donations.
During the conference, the candidate also denied investing in bitcoin. “I am not an investor and I am not here to give investment advice,” he said.
The financial disclosures, filed on June 30, do not specify when the cryptocurrency was purchased, only that it has returned less than $201 since the investment was made. The filing did not indicate who in the Kennedy family made the purchase, although the candidate’s campaign acknowledged that it was Kennedy Jr.
Kennedy Jr. has targeted the crypto community in his campaign to challenge President Joe Biden. In a Twitter post on May 3, he where did it go Stating that “cryptocurrencies, led by bitcoin, along with other crypto technologies, are a major innovation engine,” adding that it was a mistake for the US government to “disrupt the industry and spur innovation elsewhere.”
His wealthy supporters include the founders of Twitter and Block Inc. CEO Jack Dorsey, who has recently thrown his support behind the candidate. “He can and will,” Dorsey wrote on Twitter about the candidate’s strategy to defeat his opponents in the upcoming race.
Kennedy Jr. is the son of former Attorney General and Senator Robert F. Kennedy, as well as the nephew of John F. Kennedy, the 35th President of the United States. His support comes at a crucial time for the US crypto industry, as the Securities and Exchange Commission (SEC) is cracking down on crypto businesses in the US in the absence of a proper regulatory framework for digital assets.
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