In a recent proposal, US presidential candidate Robert Kennedy Jr. has suggested transitioning the federal budget to blockchain technology. Kennedy Jr. envisions this move as a significant step toward increased transparency in government spending. He explained his initiative as a way to allow every citizen to "see every item at any time, 24 hours a day."
The suggestion has been met with a favorable response from the community. Some members have highlighted the potential to reduce wasteful expenditures. A user emphasized the need for accountability in government, stating, "Checks and balances do not function if the branches of power collude in corruption, especially the president and Congress. It's time to hold them accountable."
Kennedy Jr.'s focus on blockchain also indicates his support for the creation of a digital dollar. In November 2023, the politician described Bitcoin as an answer to the threat posed by Central Bank Digital Currencies (CBDCs), which he believes offers "an elegant solution" for transactional freedom.
Previously, Kennedy Jr. recognized digital gold as an alternative to the traditional financial system and criticized American regulators for a "war on cryptocurrencies." He attributed this conflict to contributing to a banking crisis in the country.
In October 2023, the politician affirmed his commitment to protect Bitcoin if elected, referring to it as the "currency of freedom." Kennedy Jr.'s approach suggests a significant pivot towards integrating modern technology to foster transparency and efficiency in government operations.
