Nashville, Tenn. — On the 2024 Bitcoin conference, a fleshy home enthusiastically cheered self reliant presidential candidate Robert F. Kennedy Jr. in opposition to his keynote speech—both for remarks about his have plans for Bitcoin ought to unruffled he turn into president, to boot to for discussing rumors about what Republican nominee Donald Trump would possibly perhaps perhaps develop.

RFK Jr. drew wild applause from the crowd when he stated Trump would possibly perhaps perhaps, on Saturday, remark plans to introduce laws that would possibly perhaps perhaps invent bitcoin a strategic reserve asset for the nation’s central financial institution, culminating in the maintain of 1 million bitcoin by the Federal Reserve.

On the conference, rumors of the thought comprise unfold fancy wildfire ensuing in ever-rising anticipation of Trump’s marquee appearance where the Bitcoin faithful demand the former President to substantiate the thought.

“I understand that the following day President Trump would possibly perhaps perhaps remark his thought to develop a Bitcoin Fort Knox and authorize the U.S. authorities to aquire 1,000,000 bitcoin as a strategic reserve asset,” Kennedy stated to a packed viewers. “And I applaud that announcement, and we ought to unruffled all applaud it.”

Read More: What Would Trump Asserting a U.S. Strategic Bitcoin Reserve Mean?

It’s no longer distinct how Kennedy got wind of the thought, and whereas no legit announcement has been made by any Republican lawmakers, about a of the info appear to had been leaked to the broader public and hundreds of conference attendees had been responsive to the thought’s existence.

Kennedy himself had his have pro-Bitcoin approach that involves overhauling the cryptocurrency’s tax therapy.

“I’m going to toughen making grunt ownership of bitcoin tax-free,” Kennedy stated. “The conversion of bitcoin motivate into dollars shall be a non-reportable transaction to the IRS and no longer area to capital gains,” he added.

The Inner Income Carrier (IRS) in the suggest time treats bitcoin as property for tax applications, which approach selling the asset triggers capital gains.

One-Upping Trump on Bitcoin

Kennedy additionally touted himself as a longtime Bitcoiner and took pot photos at Trump by framing him as a Bitcoin latecomer and questioning the former President’s motives when it involves his recent commerce of heart concerning the digital forex.

“President Trump has a prolonged advance to insist how his non-public values align with those of Bitcoiners,” Kennedy stated. “And we don’t no doubt comprise any assurance develop we, that his endorsement is no longer one more ephemeral financial policy fad du jour.”

Read More: Trump Has Made Guarantees to Crypto Voters. If He’s Elected, What Also can He In actuality Enact?

Kennedy went on to carry a scathing criticism of Trump’s previous anti-Bitcoin feedback and insurance policies, describing Trump as “being openly antagonistic to Bitcoin,” and recalling the former President’s feedback in 2021 about Bitcoin being a “scam.”

He lambasted Trump’s consideration of JP Morgan Lope CEO Jamie Dimon—an outspoken critic of crypto—as a doable Treasury Secretary appointee. Kennedy’s mere level out of Dimon elicited a chorus of boos from the crowd. Trump has denied or no longer lower than walked motivate feedback he previously made about appointing Dimon to his cupboard.

Kennedy stated he would as a change attach in thoughts MicroStrategy Chairman and Founder Michael Saylor or Custodia Bank CEO and Founder Caitlin Long for the Treasury Secretary honest, ought to unruffled he accumulate the presidency, and for the level out of those candidates, he received thunderous applause from the viewers.

Read More: Senator Tim Scott Goes All In on Bitcoin, Paving the Device for 2025 Crypto Laws

Kennedy praised El Salvador President Nayib Bukele for his pro-Bitcoin insurance policies and chided Trump for suggesting that Bukele solved El Salvador’s crime woes by sending Salvadoran convicts to the U.S.

He ended his speech by poking fun at Trump’s hair and proclaiming himself as presumably the most productive correct pro-Bitcoin presidential candidate this Twelve months.

“I don’t think myself as crimson, I don’t think myself as blue, and I don’t even think myself as red. Those are the colours of the political parties,” Kennedy stated. “As a change, I think myself as orange. That is the color of freedom”

Interestingly orange—the color connected to Bitcoin—is additionally the color connected to Trump, one thing Kennedy poked fun at.

“It’s correct that President Trump has orange hair,” Kennedy stated, drawing laughter from the crowd. “But I comprise an orange heart,” he added.