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Robert F Kennedy Jr, an Independent candidate in the 2024 presidential race, has proposed a bold plan to put the entire US budget on blockchain technology. This move, he claims, would provide unprecedented transparency to American citizens, allowing them to view every budget item at any time.
During a rally in Michigan, Mr Kennedy stated, “I’m going to put the entire US budget on blockchain so that any American — every American can look at every budget item in the entire budget anytime they want 24 hours a day.” While this plan may sound revolutionary, it poses significant challenges, as federal agencies are still in the process of digitizing their records by the deadline of June 2024.
Despite the potential hurdles, Mr Kennedy remains committed to his vision of utilizing blockchain technology in government operations. He has also expressed support for backing the US dollar with Bitcoin and has accepted campaign donations in the cryptocurrency.
In contrast to his stance on digital currencies, Mr Kennedy has voiced opposition to a central bank digital currency, arguing that it could infringe upon Americans’ constitutional rights. His views align with those of cryptocurrency advocates, who praise him for his support of the industry.
At a recent cryptocurrency conference in Denver, Mr Kennedy emphasized the importance of “transactional freedom” and vowed to issue executive orders to prevent the establishment of a central bank digital currency if elected. He has even adopted a popular meme among cryptocurrency enthusiasts, reimagining Mr Biden’s slogan as “BUIDL Back Better.”
As the 2024 presidential race heats up, Mr Kennedy’s unconventional proposals and embrace of blockchain technology are sure to spark further debate and discussion among voters and policymakers alike.
