RFK Jr. He wants to put the entire US budget on the blockchain
US presidential candidate Robert Francis Kennedy Jr., or RFK Jr., wants to put the entire United States budget on the blockchain.
He presented the proposal at a rally in Michigan on April 21 and said the measure would allow every American to “see all budget items 24 hours a day, whenever they want.”
“We'll have 300 million eyeballs on our budget, and if someone spends $16,000 on a toilet seat, everybody knows about it.”
NEW: RFK Jr. Says “I'll Put the Entire US Budget on the Blockchain.”
“Every American can look at every budget item in the budget 24 hours a day whenever they want.”
“We'll have 300 million eyeballs on our budget!” pic.twitter.com/TBpkcXt5i1
— Radar (@RadarHits) April 22, 2024
Kennedy's plan would allow for greater transparency and accountability, allowing taxpayers to see where their tax dollars are being spent.
The blockchain proposal was hailed by many crypto advocates on social media, saying it was revolutionary and would eliminate corruption.
One user wrote that transparent public accounting could be the best use of blockchain technology in addition to the supply chain. The checks and balances in our government don't work if the branches get in on corruption (the president and Congress primarily). It's time for the people to hold them accountable,” he said.
But some have criticized the plan, saying RFK Jr. advocates for a central bank digital currency (CBCC) with his blockchain plan. However, in the past, Kennedy has vowed to end US efforts at CBCC, saying it violates users' privacy.
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After dropping out of his Democratic bid last October, RFK Jr. is running as an independent candidate in the upcoming US presidential election.
He is a big-time Bitcoin and blockchain advocate and has been among the presidential candidates to support Bitcoin and decentralized technology over the years.
He is also the first presidential candidate to accept Bitcoin (BTC) for campaign donations. The US presidential candidate has also revealed his plans to back the US dollar with Bitcoin if he is elected president.
In the past few years, many politicians around the world have opposed centralized government systems, especially financial systems, and gained popularity among the masses.
Argentina's Bitcoin presidential candidate Javier Maley recently won the election thanks to his campaign against central banks.
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