Robert F. Kennedy Jr. (RFK Jr.), a crypto-friendly U.S. presidential candidate, revealed at Consensus 2024 in Austin, TX, on May 30 that he bought 21 bitcoins for his children after winning a $13 billion case against biotech giant Monsanto in 2018.

Buying Bitcoin for His Kids

RFK Jr., an established attorney and longstanding crypto advocate, spearheaded the 2018 legal case against Monsanto and ultimately proved that their well-known weed-killing product, Roundup, causes cancer. "I used my fees in that case to buy Bitcoin for my kids," RFK Jr. said while at Consensus 2024. "So I got three Bitcoins for each of my seven kids."

Commitment to Cryptocurrencies

Keeping the focus on his potential presidential policies, RFK Jr. claimed he had a "deep commitment" to backing cryptocurrencies, lauding El Salvador for becoming the first country in the world to valorize bitcoin as legal tender. "I admire what El Salvador did," he said. "I think we're going to do it a little differently. We need to create a regulatory infrastructure that is designed for decentralized cryptocurrencies and Bitcoin."

Crypto Regulations and Policy Frameworks

Calling the recently House-approved Financial Innovation and Technology for the 21st Century Act (FIT21) "a really good start" to crypto regulations, the third-party candidate cited both Singapore and Switzerland's regulatory models as potential frameworks for digital asset policy in the United States. If approved, FIT21 would create comprehensive crypto regulation in the U.S. and allow greater freedoms to companies currently in the blockchain sector.

Staying Silent on Trump's Hush Money Trial

While fielding additional questions from attendees, the independent candidate refused to comment on Republican frontrunner Donald Trump receiving a guilty verdict in his highly-covered hush money trial on Thursday. "I've been disciplined about not commenting on the court cases and talking about issues that I think are of deep concern to Americans," he said. However, he did state that he was "happy" that other candidates like Trump were speaking out in favor of digital assets on the campaign trail.

As the 2024 presidential race continues to unfold, RFK Jr.'s commitment to cryptocurrencies and his unique approach to crypto regulations have garnered attention from the crypto community and beyond.