Crypto Friendly RFK Jr. Drops White House Hunt, Will Lend Kennedy Name to Trump

As a seasoned crypto investor with roots deeply entrenched in political history and a keen eye for market trends, I find Robert F. Kennedy Jr.’s decision to suspend his presidential campaign and support Donald Trump an intriguing development. The Kennedy name has been synonymous with Democratic royalty, but RFK Jr.’s actions suggest a shift in the political landscape that could have far-reaching implications.

In simpler terms, Robert F. Kennedy Jr. has decided not to run for the U.S. presidency independently and instead recommends that his supporters back Donald Trump, a former U.S. President, particularly in key electoral states. By doing so, he lends the Kennedy family’s influence to Trump’s Republican Party candidate.

Despite his family’s storied background as Democratic nobility, with roots in the political dynasty of Robert F. Kennedy from the 1960s and John F. Kennedy, the nephew of a former U.S. President, has decided to withdraw his name from ballots in ten key states, aiming to prevent any potential advantage for Donald Trump’s campaign.

Speaking at a press conference in Arizona yesterday, I expressed my doubts about achieving an electoral victory due to the persistent, systematic suppression and manipulation of information by certain media outlets. The polls we conducted consistently indicated that my continued presence on the ballot in key battleground states would likely result in handing the election to the Democrats, with whom I have fundamental disagreements on matters of existential importance.

If a Trump victory were to occur, as per Kennedy’s statement, I would be inclined to join his administration. Interestingly, Trump saw a 2% increase in Polymarket election betting following the endorsement by RFK Jr., which has boosted his chances significantly, currently standing at approximately a 51% likelihood of victory against Harris, who holds a 48% chance.

Robert F. Kennedy Jr., known for his famous Kennedy lineage, hasn’t been universally accepted as the family’s champion by other Kennedy members. In fact, several of them endorsed President Joe Biden in April, before the Democratic nomination was passed to Vice President Kamala Harris. Kennedy’s campaign was often perceived as potentially more detrimental to Trump than Harris’, but it remains uncertain how many votes he might gather for the Republican candidate.

In terms of cryptocurrency, RFK need not persuade Trump to support the sector as he (Trump) is already well-versed in it.

As a researcher, I’m intrigued by Kennedy’s support for Trump, but this week, the former president has diverted his focus from political campaigns to a fresh endeavor in the crypto world: a Decentralized Finance (DeFi) platform they’ve dubbed “The Defiant Ones.” Details about this venture are sparse at the moment. Interestingly, Trump, who was once skeptical about cryptocurrencies, has been amassing millions through the sale of branded non-fungible tokens (NFTs) post his departure from the White House. More recently, he’s shown a more enthusiastic stance towards digital assets.

Kennedy’s withdrawal from the ballot in Arizona and other states primarily makes the November election a direct contest between the two main parties’ nominees, even though he plans to stay on the ballot outside of competitive regions and continue seeking votes. At present, national surveys indicate that Harris might be maintaining a slight lead over Trump, but the advantage is narrow.

Currently, it’s unclear what Harris thinks about cryptocurrency, as her campaign hasn’t disclosed any detailed policy stances yet. However, an aide recently mentioned that Harris intends to support policies that foster the growth of emerging technologies like crypto, and he admitted that there’s been a call for clear guidelines within the industry.

As a fervent crypto investor, I found myself grappling with an emotionally taxing choice when I decided to back Donald Trump. Our stances on critical matters such as the ongoing conflict in Ukraine, child health issues, and restrictions on freedom of speech resonated deeply with me, ultimately leading me to align with his campaign. RFK Jr., like me, has made this decision and will now be part of the Trump team.

“He stated, ‘I feel confident that this is my purpose, and that confidence brings inner tranquility within me.'”