Bitcoin

<ul><li>U.S. presidential candidates Kennedy and Trump align against CBDC, citing privacy risks and Chinese parallels.</li><li>Kennedy, the first candidate to accept Bitcoin, warns that CBDC threatens citizens&#39; financial privacy and echoes China&#39;s surveillance concerns.</li><li>Former President Trump opposes U.S. CBDC along with Republicans Ramaswamy and DeSantis, taking a pro-crypto stance</li></ul>U.S. presidential candidates Robert F. Kennedy Jr. and Donald Trump have both voiced opposition to the development of a central bank digital currency (CBDC) in the United States. Kennedy, the first candidate to accept Bitcoin for campaign donations, recently highlighted the perceived threats posed by a CBDC during a media appearance.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/003c32c3606c49199fdd46cf0495071c.png" />Kennedy emphasized that the implementation of a CBDC would grant the government unprecedented insight into citizens&#39; financial transactions, potentially leading to undue pressure or blackmail. Drawing parallels with China&#39;s digital yuan, which is linked to a comprehensive social credit system, Kennedy underscored the risks associated with such surveillance capabilities. The digital yuan, according to U.S. politicians, allows the Chinese government to restrict an individual&#39;s access to funds based on non-compliance detected by surveillance cameras.Read full article at<a href="https://cryptotale.org/u-s-presidential-candidates-kennedy-and-trump-unite-against-central-bank-digital-currency/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

U.S. Presidential Candidates Kennedy and Trump Unite Against Central Bank Digital Currency

CryptoTale

Other articles published on Jan 30, 2024

DeFi Project Abracadabra Undergoes $6.5 Million Attack

TIA’s price unable to breach $20.4 – So, why are predictions bullish?

Altcoin Surge Ahead: Analysts Predict Big Wins as Support Levels Strengthen

US SEC Charges Mastermind Of $1.7 Bln HyperFund Crypto Scheme

Paris Blockchain Week Teases 2024 with Press Event in London

The revolutionary Massa ecosystem is launching now

Join our free newsletter for daily crypto updates!