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Tesla CEO and Twitter proprietor Elon Musk hosted a dialog with presidential candidate Robert F. Kennedy Jr on Monday. And whereas it lasted for greater than two hours, Bitcoin and the digital belongings business by no means got here up.
The chit-chat between the 2, moderated by entrepreneur David Sacks, didn’t start till quarter-hour after its scheduled begin. The discuss was not, nonetheless, overshadowed by technical points that plagued Musk’s heart-to-heart with Ron DeSantis weeks in the past.
Kennedy, the nephew of former president John F. Kennedy, introduced his 2024 presidential bid as a Democrat final month. And he has offered himself to potential voters as an outspoken advocate of Bitcoin.
However Musk and Kennedy’s dialog centered on different tech subjects, like synthetic intelligence and social media censorship. They mentioned requires AI rules, Musk’s Neuralink, and the way COVID misinformation was dealt with on social media.
On AI, Kennedy mentioned, “If I do get within the White Home, I feel that is one of many issues that I have to pay quite a lot of consideration to,” including it might must be regulated in a manner in order that the tech “does not find yourself killing us all or enslaving us.”
The dialog’s lack of chatter on digital belongings follows Kennedy’s keynote deal with at Bitcoin 2023 in Miami, Florida, the place he championed Bitcoin for example and train in democracy. He additionally mentioned truckers protesting COVID restrictions in Canada turned him on to crypto’s oldest coin.
The shortage of remark additionally comes amid a lawsuit from the Securities and Trade Fee unveiled Monday towards Binance and CEO Changpeng Zhao, which rattled cryptocurrency costs.
Kennedy’s Twitter discuss additionally featured ex-Coinbase CTO Balaji Srinivasan, who briefly talked about Kennedy’s stance on Bitcoin and CBDC. But, the 2 conversed concerning the greenback and U.S. Treasuries versus crypto.
Srinivasan requested Kennedy if he may dig into the devaluation of U.S. Treasuries as president, claiming the Federal Reserve has turned one of many most secure belongings on the earth into one of many riskiest ones, successfully “poisonous waste.”
“My solely reply is, will you be my Treasury Secretary?” Kennedy responded. “As a result of in case you’ve obtained an answer, I’d like to listen to it.”
Kennedy went on to say that concern over the Fed and its urge for food for management has been ingrained in his household over the course of generations. He additionally acknowledged that the worldwide financial system’s religion within the U.S.’s credit score and forex is waning, placing the greenback’s reserve forex standing in danger.
“That will likely be a cataclysm for the USA—[it] will make the Nice Melancholy seem like a cakewalk,” Kennedy mentioned of a possible decline within the greenback’s standing. “I perceive the pressing nature of making an attempt to determine a technique to take care of this disaster.”
Former congressman and presidential candidate Tulsi Gabbard—who additionally spoke at Bitcoin 2023—appeared as a visitor in the course of the Twitter Areas on Monday. She requested Kennedy about ideological shifts throughout the Democratic Celebration and his stance on China.
“The Chinese language can’t and don’t wish to compete with us militarily,” Kennedy mentioned, including negotiations with the nation needs to be collaborative versus “navy swaggering.”
Despite the fact that the digital belongings business went unremarked upon throughout Kennedy’s dialogue with Musk, the candidate has focussed on subjects associated to crypto up to now.
Echoing feedback made by DeSantis, Kennedy got here out swinging towards a central financial institution digital forex (CBDC) final month. He warned a digital greenback within the U.S. would “grease the slippery slope to monetary slavery and political tyranny.”
And whereas Kennedy’s probabilities of making it to the White Home are usually seen as a protracted shot, the candidate was endorsed by Twitter co-founder and present CEO of fintech agency Block Jack Dorsey on Sunday.
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