Presidential candidate Robert F. Kennedy Jr. proposed a bold initiative at a rally in Michigan on April 21 to incorporate the entire U.S. budget into the blockchain.
This radical shift aims to enhance transparency by making budget details available to every American, around the clock.
Kennedy highlighted the potential for widespread oversight, stating, “We’re gonna have 300 million eyeballs on our budget, and if somebody is spending $16,000 for a toilet seat, everybody’s gonna know about it.”
His vision represents a move towards greater accountability, enabling taxpayers to monitor how their money is being used continuously.
The suggestion has garnered significant support from cryptocurrency enthusiasts, who took to social media to praise the plan’s revolutionary promise to curb corruption.
One advocate mentioned, “checks and balances in our government doesn’t work if the branches are in on the corruption together (president and congress particularly) it’s time the people hold them accountable.”
This sentiment underscores a broader demand for a transparent public accounting system, believed to be an ideal application for blockchain technology, aside from its uses in supply chain management.
Despite the enthusiasm, there are detractors who perceive Kennedy’s strategy as a step towards implementing a central bank digital currency (CBDC), which Kennedy has previously opposed on privacy grounds.
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Critics argue that his blockchain approach indirectly supports the concept of a CBDC, a stance he has explicitly denied, advocating instead for an end to efforts moving towards such a currency system in the U.S.
Kennedy, who is running as an independent in the upcoming U.S. presidential election, has consistently shown support for decentralized technologies such as Bitcoin.
His commitment is further demonstrated by his acceptance of Bitcoin for campaign donations, a pioneering move among presidential candidates.
Furthermore, Kennedy has plans to back the U.S. dollar with Bitcoin should he be elected, signaling a significant pivot towards digital currency integration at a national level.
The rise of decentralized financial platforms is reshaping political campaigns and ideologies globally.
This trend is evidenced by the December 2023 election of Bitcoin-friendly Javier Milei as Argentine president, who campaigned on reducing governmental breadth.
Kennedy’s proposal aligns with a growing movement that challenges traditional centralized financial systems, advocating for alternatives that offer greater transparency and public control.
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