RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs

RFK junior doubles down on Bitcoin support and Jersey City will soon invest in the largest Cryptocurrency by market cap. You're watching coin desk daily, I'm your host, Jen Sasi Robert F. Kennedy Junior doubled down on his support for Bitcoin at the Bitcoin 2024 conference in Nashville. The independent presidential candidate revealed that he is fully committed to Bitcoin and has most of his wealth in Bitcoin with Republican nominee Donald Trump's campaign announcing it would accept donations and digital assets, crypto and its role in the economy has become a hot button issue in the election. The municipal pension plan of Jersey City will soon invest in Bitcoin via exchange traded funds. According to a Thursday social media post from mayor Steven full up full up who has been the mayor of Jersey City since 2013, announced the investment on X and wrote quote. I've been a long time believer through ups and downs and crypto but broadly beyond crypto. I do believe Blockchain is among the most important new technology innovations since the internet end quote. While it's not likely to be a gigantic sum, the decision is another symbolic win for Cryptocurrency on the road toward wider adoption. The move follows the Wisconsin pension plan making a similar decision earlier this year. And Singapore's government noted an increasing use of cryptocurrencies in terror financing even though cash and other informal value transfer systems remain the predominant means for financial transactions. A report by the Ministry of Home Affairs determined that the threat to the city state from terrorists remains quote very real and high. It pointed to monthly funds sent in crypto by ISIS to individuals in northern Syria. The report also added that the threat level has been elevated since the Israel Palestine conflict re escalated. That's it for coin desk daily, get more updates on coindesk.com and we'll see you next time.