Democratic presidential candidate Robert F. Kennedy Jr. came out swinging on behalf of the digital assets industry on Tuesday, criticizing what he called a “war on crypto” following earlier remarks he made opposing a U.S. central bank digital currency, or CBDC.

Kennedy, who officially announced his 2024 presidential bid last month, said that the Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC) have “no authority to wage an extra-legal war on crypto that leaves major banks as collateral damage.”

Referencing an article written by Ellen Brown titled “How the War on Crypto Triggered a Banking Crisis,” Kennedy said Brown makes a “strong case” that a government-led campaign against the digital assets industry led to several historic bank failures in March, specifically Silicon Valley Bank, Signature Bank, and Silvergate Bank.

Whether or not there’s a concerted e

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Author: André Beganski

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