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Presidential Candidate Advocates for Bitcoin-Backed USD**

Robert F. Kennedy Jr., a contender for the Democratic presidential nomination, has expressed an intriguing proposition for the US currency. Should he secure the presidency, he intends to incrementally align the US dollar with Bitcoin. This revelation came to light during an event organized by Heal-the-Divide PAC on July 19.

Kennedy's motivation for this initiative stems from his confidence in the robustness of assets he categorizes as “hard currency.” He suggests that by associating the US dollar with tangible assets like gold, silver, platinum, or even Bitcoin, there's potential to fortify the nation's economic foundation.

Hailing from the renowned Kennedy lineage, Robert F. Kennedy Jr. is the offspring of former U.S. attorney general and senator, Robert F. Kennedy, and also related to ex-U.S. president, John F. Kennedy. His perspective on Bitcoin underscores the increasing relevance of digital currencies in contemporary American political dialogue.

It's also pertinent to highlight that Kennedy Jr. isn't the sole political figure advocating for crypto. Earlier in July, Ron DeSantis, the Republican Governor of Florida and a presidential hopeful, pledged to prohibit central bank digital currencies if he assumes the presidency.

The original information was sourced from TokenInsight.

Binance Halts Certain Market Order Functions**

Binance, one of the world's leading cryptocurrency exchanges, has temporarily paused some market order functions for all spot and margin trading pairs. This move is seen as a precautionary measure to ensure the stability and security of the platform. [Read more](https://tokeninsight.com/en/news/binance-temporarily-pauses-some-market-order-functions-for-all-spot-and-margin-trading-pairs?utm_source=public&utm_medium=api).

Former FTX COO Joins Sino Global Capital**

Constance Wang, previously the COO of FTX, has made a significant career move by joining Sino Global Capital. Her expertise and experience are expected to bring fresh insights and drive to the team at Sino Global Capital. [Read more](https://tokeninsight.com/en/news/former-ftx-coo-constance-wang-joins-sino-global-capital?utm_source=public&utm_medium=api).

$116M Pre-mined ETH Moves to Kraken**

In a surprising turn of events, $116 million worth of pre-mined ETH, which remained dormant for eight years, has been transferred to the Kraken Exchange. The reasons behind this massive transfer remain a topic of speculation. [Read more](https://tokeninsight.com/en/news/116-million-pre-mined-eth-transferred-to-kraken-exchange-after-dormant-for-8-years?utm_source=public&utm_medium=api).

U.S. SEC Begins Review of Spot Bitcoin ETF Application**

The U.S. Securities and Exchange Commission (SEC) has initiated a review of a spot Bitcoin ETF application. The initial decision deadline has been set at 45 days, making it a closely watched event in the crypto community. [Read more](https://tokeninsight.com/en/news/u.s.-sec-to-commence-review-of-spot-bitcoin-etf-application-initial-decision-deadline-set-at-45-days?utm_source=public&utm_medium=api).

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