At his recent rally, Robert F. Kennedy Jr., an American politician supporting cryptocurrencies, pledged to employ blockchain technology to promote “transparency for citizens” should he win the election. Known for his advocacy for blockchain and the crypto sector, Kennedy has garnered backing from industry influencers due to his stance.
The US Budget To Be “On Blockchain”
During a rally in Michigan on April 21, presidential candidate Robert F. Kennedy proposed an innovative solution for enhancing budget transparency: “I plan to make public the entire US budget using blockchain technology.”
It appears that US citizens are calling for greater clarity regarding how their tax dollars are being used. The suggested solution aims to alleviate this persistent issue amongst Americans.
Americans have the freedom to scrutinize each expense in the national budget whenever they choose, around the clock.
If Kennedy manages to secure victory in the November election and carries out this plan, the US budget would be under close scrutiny by approximately 300 million people. Furthermore, Americans would be privy to the knowledge of who is spending $16,000 on a single toilet seat.
Crypto community members welcomed the suggestion with open arms. Some users on social media platform X viewed it as groundbreaking and akin to what our country’s founders would have accomplished if they had access to this technology.
The vast majority of Americans are unaware of the profound impact this would bring about. If our country’s founding fathers had access to this technology, they would have certainly made use of it to establish a trusted government.
— optictopic (@Optictopic) April 22, 2024
One user saw the proposal as offering a “new perspective” on addressing issues, even though they believed the chances of the independent candidate prevailing in the election were slim.
The upcoming US presidential elections in November could significantly impact the future of cryptocurrency acceptance and legislation within the country. During this election cycle, we’ve witnessed diverse regulatory proposals and strong support for digital currencies among various candidates.
Notably, during his run as a Republican candidate, Vivek Ramaswamy strongly advocated for stricter cryptocurrency regulations and issued warnings regarding Central Bank Digital Currencies (CBDC). In the end, Ramaswamy’s views on this matter reportedly impacted Donald Trump, who is now both a former US president and a current Republican candidate.
Trump recently voiced his disapproval of an American central bank digital currency (CBDC) and has taken a more favorable view towards cryptocurrencies. Although he is a strong supporter of the US dollar, Trump understands the significance of the crypto sector.
Cardano Founder Shows Support To RFK Jr.
Independent candidate’s campaign gains endorsement from notable figures: Jack Dorsey, Twitter founder and CEO of Block Inc., and Charles Hoskinson, Cardano’s creator, have recently expressed their support for this politician.
In a recent post on X, Kennedy highlighted a video of Hoskinson voicing his views on the upcoming November presidential elections. According to Cardano’s founder, expressed as of April 4, RFK Jr is an individual who has the potential to bring about change, irrespective of whether he emerges victorious.
Charles Hoskinson, a well-known figure in the crypto world and a co-founder of Cardano, publicly supports RFK Jr.’s candidacy for the upcoming election in November.
#KennedyShanahan24
— Robert F. Kennedy Jr (@RobertKennedyJr) April 17, 2024
Hoskinson strongly supported the candidate, referring to him as “the best bet for November.” He expressed his hope that this election would ignite inspiration in people and foster a deep-rooted desire for change within the community, regardless of the outcome.
According to some perspectives, a significant number of X users hold the belief that Cardano could potentially serve as the preferred blockchain platform for a presidential candidate’s “US budget on Blockchain” initiative. In contrast, others argue that Bitcoin would be more fitting for this purpose.
In the end, Kennedy’s idea appears to have sparked discussions on how blockchain technology might be used to address issues within the US system and promote transparency.
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2024-04-23 00:12