US Presidential Candidate Robert F. Kennedy, Jr. Advocates for Putting Entire US Budget on Blockchain

US presidential candidate Robert F. Kennedy, Jr. is making waves with his latest proposal to put the entire US budget on blockchain, allowing Americans to inspect it anytime. In a report by The Hill on April 22, Kennedy emphasized the importance of transparency and public oversight by making budget data available on-chain.

Kennedy believes that putting the budget on blockchain would make it accessible 24 hours a day, increasing public scrutiny and awareness of government spending. He referenced past controversies, such as the Pentagon’s expensive upgrades to military washrooms, to highlight the need for transparency in government spending.

The announcement was made during a Michigan rally, where Kennedy also hosted a campaign fundraising event titled “A Night of Laughter with Robert F. Kennedy, Jr. and Friends.” This initiative aligns with Kennedy’s favorable stance towards crypto, as he has previously proposed policies to protect individuals’ rights to wallets, nodes, and passwords while minimizing controls against money laundering.

Kennedy has also proposed more ambitious goals, such as partially backing the US dollar and US debt obligations with Bitcoin, and exempting Bitcoin from capital gains taxes. While the viability of these proposals remains uncertain, Kennedy has already started accepting Bitcoin donations for his campaign and disclosed his own BTC investments.

In addition to his crypto efforts, Kennedy has criticized existing policies, including the Biden administration’s proposed 30% crypto mining tax and the potential impact of the US government’s FedNow payment system on Bitcoin. As Kennedy continues to advocate for transparency and accountability in government spending, his proposals are sure to spark further debate and discussion in the crypto community.