US presidential candidate Robert F. Kennedy, Jr. stated he desires to place the “total US funds” on blockchain so People can examine it anytime, The Hill reported on April 22.
Kennedy stated that placing information on a blockchain would make the funds out there “24 hours a day.”
Making funds information out there on-chain might enhance public scrutiny by publicizing authorities spending past present funds plans and studies. To emphasise the necessity for public oversight, Kennedy referred to previous controversies in regards to the Pentagon’s costly upgrades to army washrooms, stating:
“If someone is spending $16,000 for a bathroom seat, everyone’s gonna learn about it.”
The Hill reported that Kennedy made his remark throughout a Michigan rally. Kennedy’s web site recognized his solely Michigan occasion on April 21 as “A Evening of Laughter with Robert F. Kennedy, Jr. and Mates” — a marketing campaign fundraising occasion.
Kennedy’s different crypto efforts
Kennedy is understood for his favorable stance towards crypto, together with an unbiased marketing campaign platform with permissive crypto insurance policies.
In an interview with The New York Put up in 2023, he described insurance policies designed to guard people’ rights to “wallets, nodes, and passwords” mixed with minimal controls in opposition to cash laundering.
He has additionally superior extra advanced targets. In July 2023, he proposed partially backing the US greenback and US debt obligations with Bitcoin. He additionally proposed exempting Bitcoin from capital positive aspects taxes. It’s unclear whether or not his targets are viable.
Kennedy started to simply accept Bitcoin donations in his marketing campaign in Might 2023. His personal BTC investments additionally got here to gentle that summer season.
Kennedy has condemned varied current insurance policies, together with the Biden administration’s proposed 30% crypto mining tax. He has additionally prompt that the US authorities’s FedNow cost system might result in a ban on Bitcoin.