"Now I'm a Bitcoin owner, and I'm sure they'll now find a different way to come at me, but no one can say I didn't put my money where my mouth is," Kennedy Jr. explained.
Gensler has become a prominent figure in the nascent cryptocurrency industry this year, as his agency, the SEC, has executed a series of regulatory enforcement actions that caused shockwaves in the crypto market.
During the period leading up to the highly anticipated Bitcoin halving, the cryptocurrency maintained its position around the $30,000 threshold, displaying stability over the past 15 days and very little volatility over the last couple of weeks.
Apparently, Bitcoin's presence in the source code was not a recent addition but was just retained even after Tesla suspended accepting BTC as a form of payment.
While some are skeptical of RFK Jr.'s promise, others in the crypto community are excited that it will revolutionize not only the industry but also the financial health of the United States.
The SEC took the first step in its process of deciding whether to approve the proposals submitted by six firms vying to offer spot Bitcoin ETF when it accepted the applications and added their names to the Federal Register.
Several factors could be credited for the revived interest of investors in Bitcoin, including the spot BTC ETF application of Wall Street giants led by BlackRock.
Although Bitcoin rallied last week due to the landmark decision of the court about the classification of Ripple Labs' native token XRP and other positive events, the maiden crypto saw some corrections after, which triggered the price of the crypto asset to trade above $30,000.
Bitcoin, Ether and the broader cryptocurrency market saw significant levels of gains after Ripple Labs bagged a major victory in court Thursday.
The Bitcoin stash might have come from the government's biggest seizure in November 2021, during which the authorities confiscated around $3.36 billion in BTC from hacker James Zhong.
Last week's surge in the price of the world's largest crypto asset by market capitalization was propelled by the bullish remarks of BlackRock CEO Larry Fink when he described Bitcoin as "digital gold" in an interview.
"if you can demonstrate that the spot market has similar efficacy to the futures market, it would be hard to resist approving a #bitcoin ETF," the former SEC chairman said.
Kennedy Jr.'s comment about Bitcoin has become less and less frequent following the Miami conference but occasionally mentioned his support for the maiden crypto during the one-on-one interview on Twitter Spaces with tech billionaire Elon Musk in June.
With Kwon locked up in Montenegro, authorities are now looking into the possibility that the TFL CEO has outside help in moving funds.
"We look forward to recovering as much of the stolen bitcoin as we possibly can and redistributing that to holders of the tokens that were issued in response to the hack in 2016," Bitfinex CTO Paolo Ardoino said.
BlackRock's interest in Bitcoin is a bullish move but many are still wondering about the timing of the filing and what could be the reason for this revived interest in providing services related to the world's largest crypto asset by market capitalization.
With "the endorsement and trust of juggernauts like CBOE and BlackRock, there may be increased pressure for the SEC to rethink their claims due to the ripple effect it can have on these filings," Blockstation CEO Jai Waterman told IBT.
Delio's CEO and the management staff are reportedly barred from leaving the country pending an investigation.
Bitcoin saw a 1.4% gain Monday, with bulls reclaiming the $31,000 resistance level and trading at $31,153. This reflects a 54.4% growth of the crypto asset over the past 30 days with a cumulative yearly gain of 63.5%.
Many on Crypto Twitter noticed the glaring fact that these financial giants named Coinbase as their partner, seemingly disregarding that the SEC sued the platform in June.
Scammers target the elderly because most have substantial financial resources, are usually very trusting, and are unlikely to report being victims of these scams for fear of being restricted from their financial independence by family members.
Industry watchers and commentators, however, think that it is just "buying the dip," or the market "overreacting" and pointed out that the news is positive for the applications.
