Amidst a roaring crowd in Michigan on April 21, Kennedy delivered a bold proposal – to put the entire U.S. budget on the blockchain. With this revolutionary idea, he promised to grant Americans unprecedented access to every budget item, at any given moment.
Kennedy argued that incorporating blockchain technology into the budget would bring a new level of transparency, exposing any wasteful spending to the public eye.
He humorously illustrated this point by exclaiming, “If somebody is spending $16,000 for a toilet seat, everybody’s going to know about it.” This proposal left the audience buzzing with excitement and intrigue, eager to see the potential impact of this innovative solution.
A groundbreaking proposal is in the works that will allow you to follow the trail of your hard-earned money. Imagine having the power to track where every penny of your tax dollars is being spent. This game-changing idea has sparked great enthusiasm within the cryptocurrency community, with some even hailing it as the ultimate solution to corruption.
“Putting the entire US budget on blockchain would be transformative. I don’t believe in silver bullets, but this is as close as one gets to one,” one X user wrote.
Another one said “public accounting might be the best use case for blockchain tech.”
Critics are firing back at Kennedy’s proposal, accusing him of slyly pushing his agenda for a central bank digital currency (CBDC). One outspoken user, Jeremiah Harding, argues that such a move would require a complete overhaul of our currency system, making it nearly impossible for the government to track budget transactions.
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Amidst the growing buzz around decentralization, Kennedy, a renowned advocate for the cause, has raised a red flag over the potential launch of a CBDC in the U.S. In a bold statement made in January 2024, he warned that a CBDC could be a grave threat to our fundamental human and civil rights.
Breaking the mold of traditional political stances, Kennedy boldly declared his support for Bitcoin at the 2023 conference in Miami. With conviction, he announced that his campaign would not only accept Bitcoin donations, but that he himself had invested in the cryptocurrency. This move solidified his position as a forward-thinking and innovative candidate, unafraid to embrace new technologies and ideas.
Revolutionizing the financial world, cryptocurrencies have sparked intense discussions among regulators worldwide. While some have given their stamp of approval, others remain skeptical. Meanwhile, the revolutionary blockchain technology has already made its mark in various public sectors, with regulators embracing its potential with open arms.