RFK Jr. advocates for the integration of the complete US budget onto a blockchain

Presidential hopeful Robert F. Kennedy Jr. has proposed an innovative idea to put the entire U.S. budget on the blockchain. Speaking at a rally in Michigan on April 21, Kennedy argued that this move would enhance transparency and accountability, allowing every American to have access to “every budget item anytime they want, 24 hours a day.” The concept has received widespread praise from crypto enthusiasts on social media, who believe it could revolutionize the system and eliminate corruption. One user even suggested that transparent public accounting could be the best application of blockchain technology, second only to its use in supply chain management. However, some critics argue that Kennedy’s proposal is actually advocating for a central bank digital currency (CBDC). It is worth noting, though, that Kennedy has previously expressed opposition to a CBDC, citing privacy concerns. Despite his departure from the Democratic Party’s nomination race in October 2023, Kennedy continues to run as an independent candidate in the upcoming U.S. presidential election. He stands out as a strong supporter of Bitcoin and blockchain, being one of the few candidates to endorse decentralized technology. In fact, Kennedy made history by becoming the first presidential candidate to accept Bitcoin for campaign donations. Additionally, he has expressed plans to back the U.S. dollar with Bitcoin if elected as president. This aligns with a growing trend among politicians who are advocating for decentralized financial alternatives and challenging centralized government systems. For instance, in December 2023, Bitcoin-friendly candidate Javier Milei secured victory in the Argentine presidential election by promising to reduce the size of the government.