The news also comes at a time when cryptocurrencies are increasingly part of the political agenda in the U.S. as candidates are gearing up for the presidential election due in 2024. Democratic hopeful Robert F. Kennedy Jr., who confirmed owning bitcoin (BTC), said he would back the U.S. dollar with BTC and exempt the token from capital gains taxes if elected. Robert DeSantis, Florida governor and a Republican candidate trailing Trump in early polls, promised to ban central bank digital currencies (CBDCs) as president.

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