Jack Dorsey, the founder and former CEO of Twitter, has publicly endorsed Robert F. Kennedy Jr., a Democratic presidential candidate who has shown support for cryptocurrency adoption.
Dorsey confirmed his endorsement in response to a comment on his Twitter post sharing Kennedy’s campaign video. He also expressed optimism about Kennedy’s potential success if elected.
He can and will https://t.co/zrKLc2BKhz
— jack (@jack) June 4, 2023
Robert Kennedy Jr. announced his bid for the presidency on April 19, 2023. He is a member of the iconic Kennedy political dynasty and nephew of former President John F. Kennedy. Though a lawyer specializing in environmental law, Kennedy gained recognition for his unwavering opposition to vaccines. However, his stance on cryptocurrency has captured the attention of many.
Kennedy’s support for cryptocurrency was apparent during his keynote address at the Bitcoin Miami Conference on May 19, 2023. Not only did he proclaim his admiration for Bitcoin as an “innovation engine,” but he also declared that he would accept Bitcoin donations for his presidential campaign. His enthusiasm for digital currencies extends beyond Bitcoin, as he has voiced concerns about central bank digital currencies, citing the potential for governmental overreach and suppression of dissent.
On May 3, 2023, Kennedy openly criticized the Biden administration’s proposed taxation of cryptocurrency mining. While acknowledging the environmental impact of mining, he argued against a 30% tax on energy consumed by crypto miners, considering it a flawed approach.
Kennedy’s presidential aspirations have gained significant traction among Democratic primary voters. According to a recent poll conducted by Fox News on May 27, 2023, he secured the support of 16% of Democratic primary voters. This backing demonstrates Kennedy’s ability to resonate with a sizable portion of the Democratic electorate.
Dorsey’s endorsement of Kennedy has sparked discussions within both the political and tech communities, drawing attention to Kennedy’s position on cryptocurrency and his potential impact on the presidential race. Many questioned Dorsey’s decision; some believed his judgement was faulty. Many others agreed with a comment implying that Jack must have taken a certain amount of money to endorse Robert Kennedy.
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