RFK Jr. wants to put the entire US budget on a blockchain

Robert F. Kennedy Jr. is a big time Bitcoin and decentralized tech advocate who has promised to back the U.S. dollar with BTC if elected as president.

American presidential candidate Robert Francis Kennedy Jr., aka RFK Jr., wants to put the entire United States budget on a blockchain. 

During a Michigan rally on April 21, he proposed the idea and said the move would allow every American to look at “every budget item anytime they want, 24 hours a day.”

“We’re gonna have 300 million eyeballs on our budget, and if somebody is spending $16,000 for a toilet seat, everybody’s gonna know about it.”

NEW: RFK Jr. says “I’m gonna put the entire US budget on blockchain”

“Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day.”

“We’re gonna have 300 million eyeballs on our budget!” pic.twitter.com/TBpkcXt5i1

— Radar (@RadarHits) April 22, 2024

Kennedy’s plan would allow for more transparency and accountability, allowing taxpayers to see where their tax dollars are spent.

The blockchain proposal was lauded by many crypto advocates on social media, where people claimed it would be revolutionary and end corruption.

One user wrote that transparent public accounting might be the best use case for blockchain tech besides the supply chain. “Checks and balances in our government doesn’t work if the branches are in on the corruption together (the president and Congress mainly). It’s time the people hold them accountable.”

Some, however, have criticized the plan, claiming RFK Jr. was advocating for a central bank digital currency (CBDC) via his blockchain plan. However, in the past, Kennedy has vowed to end U.S. efforts to move toward a CBDC, claiming it infringes on users’ privacy.

Related: Bitcoin price hits all-time highs across Argentina, Nigeria and Turkey

RFK Jr. is running as an independent candidate in the upcoming U.S. presidential election after dropping the Democratic bid in October last year.

He is a big-time Bitcoin and blockchain advocate and among the few presidential candidates over the years to endorse Bitcoin and decentralized technology.

He is also the first presidential candidate to accept Bitcoin (BTC) for campaign donations. The U.S. presidential candidate also revealed his plans to back the U.S. dollar with Bitcoin if elected president.

Over the past few years, the world has seen several politicians advocate against centralized government systems, especially financial ones, and have gained popularity among the masses.

Recently, Argentina’s pro-Bitcoin presidential candidate, Javier Milei, won elections on the back of a campaign against central banks.

Magazine: Unstablecoins: Depegging, bank runs and other risks loom