Independent candidate for US President Robert F. Kennedy Jr. on Sunday called for a Web3 overhaul of the federal budget, saying blockchain technology could play a key role in making government more transparent.
“I will put the entire budget of the United States on (the) blockchain, so that (…) every American can see every budget item of the entire budget whenever they want, 24 hours a day,” he said at a rally in Michigan. said. , sugar Hill.
Kennedy suggested that facilitating everyday payments through a publicly distributed ledger could make those in power more accountable. video shared on twitter. In theory, anyone can see how government spending occurs across the thousands of transactions recorded every day.
“There are probably 300 million eyeballs in our budget,” Kennedy said. “If someone spends $16,000 on a toilet, everyone will know.” Brohaha 2018 About the Department of Defense’s purchasing habits.
Kennedy’s latest comments continue his ongoing campaign to promote cryptocurrency technology as a path to improving the country’s economy. Last July, for example, the White House made a hopeful proposal. back the US dollar With Bitcoin holdings.
Kennedy’s praise of Bitcoin was a central part of his campaign platform. He was a keynote speaker at Bitcoin 2023 in Miami and also recently appeared at ETHDenver, the annual Ethereum conference.
Blockchain can empower citizens when it comes to government oversight, but that same transparency can also be weaponized against citizens, Kennedy acknowledged. The candidate, who is wary of central bank digital currencies (CBDCs), described the technology: slippery slope For U.S. financial surveillance
Edited by Ryan Ozawa.
