{"id":510839,"date":"2024-04-23T14:47:00","date_gmt":"2024-04-23T14:47:00","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=510839"},"modified":"2024-04-23T20:24:28","modified_gmt":"2024-04-23T20:24:28","slug":"robert-f-kennedy-jr-advocates-blockchain-for-u-s-budget-transparency","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/robert-f-kennedy-jr-advocates-blockchain-for-u-s-budget-transparency","title":{"rendered":"Robert F. Kennedy Jr. Advocates Blockchain for U.S. Budget Transparency"},"content":{"rendered":"

On Sunday, independent U.S. presidential candidate Robert F. Kennedy Jr. declared his intention to utilize blockchain technology<\/a> to enhance government transparency. Speaking at a Michigan rally, Kennedy expressed his commitment to a Web3 overhaul of the federal budget, as reported by The Hill.<\/p>\n

Kennedy announced his ambitious plan to make the entire U.S. budget accessible on the blockchain. “I’m going to put the entire U.S. budget on [the] blockchain, so that […] every American can look at every budget item in the entire budget anytime they want 24 hours a day,” he stated. This would allow the public to monitor government spending continuously, potentially transforming how budget oversight is conducted.<\/p>\n

We’re going to have 300 million eyeballs on our budget, and if somebody is spending $16,000 for a toilet seat, everybody’s gonna know about it.<\/p><\/blockquote>\n

Highlighting the benefits of such transparency, Kennedy<\/a> explained that blockchain technology could facilitate day-to-day payments on a publicly distributed ledger, enhancing accountability. He envisioned a scenario where the details of government expenditures, including thousands of transactions, would be openly accessible to the public daily.<\/p>\n

Kennedy used a vivid example to illustrate his point: “We’re going to have 300 million eyeballs on our budget, and if somebody is spending $16,000 for a toilet seat, everybody’s gonna know about it,” referencing past controversies over government spending.<\/p>\n

Beyond his latest comments, Kennedy has been a long-time proponent of using cryptocurrency technology<\/a> to better the nation’s economic framework. His support for integrating cryptocurrency into government processes was evident last July when he proposed backing the U.S. dollar with Bitcoin reserves. Furthermore, Kennedy’s interest in cryptocurrency has been a prominent feature of his campaign. He has actively participated in major cryptocurrency events, including Bitcoin 2023 in Miami and ETHDenver, a notable annual Ethereum conference.<\/p>\n

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Cryptocurrency is the off-ramp for our addiction to the Federal Reserve. It’s the best hedge against inflation. And it takes control away from the government and from the monopolistic banking system, which uses money printing to shift wealth upward to the oligarchy of… pic.twitter.com\/E4J0GNelSf<\/a><\/p>\n

— Robert F. Kennedy Jr (@RobertKennedyJr) March 21, 2024<\/a><\/p><\/blockquote>\n