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Robert Kennedy, a US presidential candidate, says that the first step toward banning Bitcoin is FedNow

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Robert Kennedy, a US presidential candidate, says that the first step toward banning Bitcoin is FedNow


Robert Kennedy Jr. says central bank digital currencies (CBDCs) could lead to financial slavery and political tyranny.






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Kennedy highlights the dangers of CBDCs

The Democrat compared the FedNow to a Central Bank Digital Currency (CBDC), pointing out a number of potential dangers for citizens of the United States.

Kennedy Jr. claims that CBDCs ease the way for financial slavery and political tyranny. He mentioned that the government could “surveil all our private financial affairs” with this digital currency.

“The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires.”

He explained that the digital currency could give the government power to freeze citizens’ assets or even limit their spending when they fail to “to comply with arbitrary diktats.”

The presidential candidate added:

“Watch as governments, which never let a good crisis go to waste, use Covid-19 and the banking crisis to usher in a new wave of CBDCs as a safe haven from germ-laden paper currencies or as protection against bank runs.”

Kennedy is a nephew of President John F. Kennedy and the son of the U.S. attorney general and New York Senator Robert F. Kennedy.

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