Bitcoin Wars – If the President of the United States in office, Joe Bidenhas recently announced its intention to campaign for a second term, a competitor from his own party has been in the news a lot lately. Also in the Democratic camp, Robert F.Kennedy Jr. announced (a few days before Biden) his candidacy for the White House. The one nicknamed Bob Kennedy has once again confirmed its pro-Bitcoin and anti-central bankers side.
US regulators’ anti-crypto aggressiveness ’caused the banking crisis’
If Joe Biden hopes to be re-elected as President of the United States in 2024, he will have to deal with a inner opponent, in addition to Republicans Donald Trump and Ron DeSantis. In effect, Robert F.Kennedy Jr. recently announced his candidacy for the head of the United States.
This nephew of JFK (John Fitzgerald Kennedy, US president assassinated in 1963) has already taken a public position in favor of bitcoin (BTC) and cryptocurrencies. And he has just renewed this support this May 2, 2023 on his account Twitter. Specifically, his statement comes in response to an analysis by Ellen Brown titled: “How the Cryptocurrency War Triggered a Banking Crisis”.
“Ellen Brown presents a strong case to show that the FDIC/SEC war on cryptocurrency caused the bankruptcies of SVB, Signature and Silvergate. The FDIC and SEC have no authority to wage an outlaw war on cryptocurrency, which leaves big banks as collateral damage. »
Robert F.Kennedy Jr.
>> Prefer to keep your cryptos safe? Choose a Ledger wallet (commercial link) <<
The war against Bitcoin increasingly denounced
For those unfamiliar with the above acronyms, Ellen Brown and Bob Kennedy denounce the recent anti-crypto actions of two financial authorities in the United States: the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (DRY).
These regulators are accused of having carried out a veritable “Operation Choke Point 2.0” against crypto companies. That is to say, to systematically put a spoke in their wheels, whereasthey don’t do anything illegal and even do their best to comply with the laws.
This hostility and obstacles from the FDIC and SEC led to Silicon Valley Bank bankruptcy (SVB), as well as those of the Signature Bank and some Silvergate Bank in March 2023, according to Robert Kennedy and Ellen Brown.
This is all the more true for the very early closing (To not say arbitrary) of the Signature Bank by the FDIC. Former US Congressman, Barney Frankhad also denounced at the time a kind of treatment of disfavorsince the Bitcoin-friendly bank was still solvent at the time of its administrative placement under the control of the FDIC.
To keep your cryptos, nothing beats a Ledger wallet. The Nano S and Nano X provide security and ease of use. Indeed, they are compatible with the vast majority of cryptos and networks. They are an absolutely essential alternative to all exchanges that offer to hold your assets for you. Remember, “Not your keys, not your coins” (commercial link)!