The independent candidate Robert F. Kennedy, Jr. had announced that place all the budget of the US on the blockchain at a rally in Michigan. Kennedy’s proposal plans for transparency in the budgetary process by providing Americans with an opportunity to review budget items at any time.
The idea proposed by Kennedy involves the moral and practical side of the public office, calling for all transactions to be made open, ending corruption, and ensuring financial prudence. He proposed a public control regime, using recent government expenditure affairs as an illustration point.
Stand with Crypto, a non-profit that advocates for the appropriate crypto regulations, is in support of Kennedy being strongly supportive of cryptos. Kennedy, who accepts Bitcoin donations for his campaign, is also on record on a platform that advocates for the U.S. dollar to be stopped by Bitcoin if elected.
However, Kennedy backs blockchain for transparency but opposes central bank-issued digital currency, citing privacy concerns. Chair of the Federal Reserve Jerome Powell recommended that the central bank won’t have the issue of developing the CBDC before the congressional legislation is approved.
Also Read: Robert F. Kennedy Jr. Joins Presidential Race Opposing CBDCs in US
