(The Herald Post) – Robert F. Kennedy Jr., nephew of President John F. Kennedy and son of U.S. Senator Robert F. Kennedy, filed paperwork to run for president in 2024 on Wednesday, the same day he criticized the Federal Reserve’s “Fednow” system and central bank digital currencies (CBDCs) in a tweet.
The presidential hopeful voiced concerns over CBDCs, suggesting they pave the way for “financial slavery and political tyranny.” Kennedy expressed alarm about the potential loss of privacy and government control over transactions, connecting the adoption of CBDCs to the enforcement of “arbitrary diktats” like vaccine mandates.
Kennedy’s opposition to CBDCs comes as the Federal Reserve continues to explore the technology. Fed Chair Jerome Powell has previously stated that the central bank’s work on CBDCs is still in the early stages of experimentation and is separate from the Fednow real-time gross settlement system.
Kennedy is not alone in his skepticism. Other politicians, such as U.S. Representative Tom Emmer, have proposed legislation like the CBDC Anti-Surveillance Act to limit the potential overreach of a government-issued digital currency. Senator Ted Cruz and Florida Governor Ron Desantis have also introduced measures to prohibit or limit the use of CBDCs in the United States.
As the debate around CBDCs intensifies, Kennedy’s presidential campaign will likely fuel further discussions around privacy, government control, and the future of money in a digital age.