RFK Jr. advocates for integrating the complete US budget into a blockchain system

Robert F. Kennedy Jr., a candidate for the United States presidency, has proposed a groundbreaking idea to put the entire U.S. budget on the blockchain. During a rally in Michigan on April 21, Kennedy emphasized that this move would provide transparency and accountability, allowing taxpayers to track where their money is being spent. The proposal has received praise from crypto enthusiasts on social media, who believe it could revolutionize the system and combat corruption. One user highlighted that transparent public accounting would be an ideal application for blockchain technology alongside the supply chain. However, some critics argue that Kennedy’s plan could be seen as advocating for a central bank digital currency (CBDC). Nevertheless, Kennedy has previously expressed his opposition to CBDCs, citing concerns about privacy infringement.
Kennedy, who initially sought the Democratic Party nomination but is now running as an independent candidate, is a strong supporter of Bitcoin (BTC) and blockchain technology. He stands out as the first presidential candidate to accept campaign donations in Bitcoin and has even proposed backing the U.S. dollar with Bitcoin if elected president. This aligns with a growing trend among politicians who are advocating for decentralized financial alternatives and promoting smaller government systems. For instance, in December 2023, Javier Milei, a candidate supportive of Bitcoin, won the Argentine presidential election by promising to reduce the size of the government.