Breaking: Pro Crypto RFK Jr Mulls Dropping Out To Back Donald Trump

Kelvin Munene Murithi
August 20, 2024 Updated August 21, 2024
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Pro Crypto RFK Jr Mulls Dropping Out To Back Donald Trump

Highlights

  • Kennedy's pivot to Trump could unify pro-crypto voters in 2024.
  • XRP Lawyer MetaLawMan hints RFK Jr. might boost Trump with pro-crypto agenda.
  • Shanahan debates strategic withdrawal to prevent a Harris presidency.

Robert F. Kennedy Jr.’s independent presidential campaign, recognized for its strong pro-crypto stance, is reportedly considering a major shift in its strategy. In an interview, Kennedy’s vice presidential nominee, Nicole Shanahan, said that the campaign is weighing whether to continue the race or withdraw and support Donald Trump, the Republican candidate. This decision may have a huge impact on the 2024 presidential election particularly in the swing states.

Advertisement
Advertisement

Pro Crypto RFK Jr Mulls Dropping Out To Back Trump

During an interview on the Impact Theory podcast, Shanahan outlined two possible scenarios for the campaign. One possibility is to continue in the race and garner more than 5% of the popular vote so as to lay the foundation for a third party in future elections.

The other option is to withdraw from the race and endorse Donald Trump, whom Shanahan believes may have a better shot at defeating the Democratic ticket of Kamala Harris and Tim Walz.

Shanahan also pointed out that the decision is not simple because the campaign was initially aimed at the victory and the enforcement of the pro-crypto and other reformist agendas. She said, “I did not invest tens of millions of dollars to be a spoiler candidate.” Kennedy’s pro-crypto stance has therefore raised hopes of collaboration with Donald Trump, especially among voters most concerned with crypto regulation and development.

Advertisement
Advertisement

Crypto Stance and Potential Alliance

Moreover, RFK Jr’s campaign has been known to support pro-crypto policies and has gained the support of the voters who believe that cryptocurrencies can help advance economic freedom by minimizing the role of the government in financial systems. He supports crypto as part of a larger vision to rid the government of corporate money, safeguard the First Amendment, and stop the politicization of law enforcement.

Consequently, Kennedy responded to this in his recent tweet saying,

“As always, I am happy to engage with leaders of any political party in order to advance the goals that I have worked towards for 40 years in my career and in this campaign. “

He continued to express his concern regarding issues like the reversal of chronic disease epidemic, stopping the war machine, and combating pollution.

If they were to align themselves with Trump, who has also shown an interest in positive crypto policies, they could energize the voting populace that doubts the existing financial system and government regulation. Citing an example of Kennedy’s statement that Trump “is highly likely to be the next President of the United States” from an interview, XRP lawyer MetaLawMan recently speculated on an X thread that Kennedy might endorse Trump.

Advertisement
Advertisement

Impact on the 2024 Election and Future Political Plans

If Kennedy endorses Trump, it would be a major blow to the 2024 election. Surveys indicate that Kennedy’s participation in the election may lead to the redistribution of votes from Trump, especially in the swing states.

However, if he decides to step back and endorse Trump, he can consolidate the pro-crypto and anti-establishment vote which may well be an advantage over Harris.

In addition, such an endorsement could consolidate the pro-crypto vote, especially given Trump’s desire to invite Elon Musk into his administration. Trump has reportedly offered Musk a position within his administration, indicating an interest in cryptocurrency and technological advancement that echoes Kennedy’s sentiments.

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.