Robert F. Kennedy Jr. Warns FedNow CBDC Will Bring "Financial Slavery": Is Bitcoin at Risk?
Presidential candidate Robert F. Kennedy Jr. is raising serious concerns about the future of financial freedom in the United States, alleging that the FedNow real-time settlement system is a precursor to a central bank digital currency (CBDC) that could lead to "financial slavery." He believes this system, if implemented, poses a significant threat to individual liberties and could give the government unprecedented control over citizens\' finances.
U.S. presidential candidate Robert F. Kennedy Jr. alleges that the FedNow real-time settlement system is a precursor to a central bank digital currency (CBDC) that suits Presidential hopefuls Robert F. Kennedy Jr. (RFK Jr.) and Ron DeSantis are rallying against the Federal Reserve’s FedNow payments system claiming it would pave the way for increased government surveillance and control.
RFK Jr. on CBDCs and Bitcoin: A Looming Threat?
Robert F. Kennedy Jr., who recently filed paperwork to run for President in 2025, has voiced his concern about the potential risks of central bank digital currencies. Specifically, he warns that a CBDC could be used for mass surveillance and control, allowing the government to monitor and potentially restrict individual spending habits.
A key aspect of Kennedy\'s argument revolves around the potential impact on Bitcoin (BTC). Robert F. Kennedy Jr. on Twitter warns that Bitcoin (BTC) may face the threat of being banned and seized by the US government if plans for a central bank digital currency (CBDC) come to fruition. He suggests that the government, once it has control over a digital currency, might seek to eliminate competition from decentralized cryptocurrencies like Bitcoin.
RFK Jr.\'s Presidential Bid and Anti-CBDC Stance
Presidential candidate Robert Kennedy Jr. has rallied against US government plans to modernize the banking system by stoking fears of an overreaching government. Robert F. Kennedy Jr. filed documents with the United States Federal Election Commission on April 5 to run as a Democratic presidential candidate in 2025, according to news sources. His campaign platform includes a strong emphasis on protecting individual freedoms and preventing government overreach, with a particular focus on the potential dangers of CBDCs.
The Future of Finance: A Debate Heats Up
The debate surrounding CBDCs and their potential impact on financial freedom is intensifying. With prominent figures like Robert F. Kennedy Jr. raising awareness about the risks, the discussion is likely to continue gaining traction as the US moves closer to potentially implementing a central bank digital currency. Whether his concerns will resonate with voters remains to be seen, but he has undoubtedly injected a crucial question into the 2025 presidential conversation.