US presidential hopeful Robert F. Kennedy Jr. recently warned on Twitter that the Federal Reserve's recently announced FedNow CBDC will lead to "financial slavery and political tyranny." The environmental lawyer also talked about how the government's creation of a digital currency could limit financial freedom.
The declaration comes after Kennedy just filed paperwork with the US Federal Election Commission last month. According to the filing, Kennedy will be qualified to run for president in 2024 as a Democratic candidate.
Kennedy, an environmental lawyer and current presidential aspirant, is the nephew of former US President John F. Kennedy. In particular, his steadfast position against vaccine requirements has helped him become rather well-known in the past. His focus is now shifting to digital assets.
Robert F. Kennedy has specifically commented on the Federal Reserve's recently announced FedNow CBDC. Kennedy is a US presidential candidate in 2024. The use of digital currency, it is further stated, could result in "financial slavery and political tyranny."
Kennedy vented his anger about the latest FED announcement on Twitter. He claims that the widespread adoption of a government-monitored CBDC has eliminated the anonymity of cash transactions. Along with that, he added, "The central bank will have the authority to enforce dollar limits on our transactions restricting where you can spend money, where you can spend it, and when money expires."
Kennedy, on the other hand, expressed apprehension regarding the CBDC as the initial step toward the abolition of Bitcoin. The Federal Reserve will first restrict the CBDC to interbank transactions, but as was stated in 1933, "we should not be blind to the obvious danger that this is the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago."
The declaration comes after Kennedy just filed paperwork with the US Federal Election Commission last month. According to the filing, Kennedy will be qualified to run for president in 2024 as a Democratic candidate.
Kennedy, an environmental lawyer and current presidential aspirant, is the nephew of former US President John F. Kennedy. In particular, his steadfast position against vaccine requirements has helped him become rather well-known in the past. His focus is now shifting to digital assets.
Robert F. Kennedy has specifically commented on the Federal Reserve's recently announced FedNow CBDC. Kennedy is a US presidential candidate in 2024. The use of digital currency, it is further stated, could result in "financial slavery and political tyranny."
Kennedy vented his anger about the latest FED announcement on Twitter. He claims that the widespread adoption of a government-monitored CBDC has eliminated the anonymity of cash transactions. Along with that, he added, "The central bank will have the authority to enforce dollar limits on our transactions restricting where you can spend money, where you can spend it, and when money expires."
Kennedy, on the other hand, expressed apprehension regarding the CBDC as the initial step toward the abolition of Bitcoin. The Federal Reserve will first restrict the CBDC to interbank transactions, but as was stated in 1933, "we should not be blind to the obvious danger that this is the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago."
