US presidential candidate Robert F. Kennedy says he will use blockchain technology in government finances if he wins the country’s highest political office, according to a report by The Hill.
The report quotes Kennedy saying at a meeting in Michigan that he will use blockchain technology to increase transparency and accountability of U.S. government spending.
“I’m going to put the entire US budget on the blockchain so that every American – every American can view every budget item in the entire budget whenever they want, 24 hours a day…
We will have 300 million eyeballs on our budget, and if someone spends $16,000 on a toilet seat, everyone will know about it.”
Unlike a regular database, information recorded on a blockchain cannot be changed or deleted, resulting in a permanent and transparent record of all data.
Since announcing his candidacy in May 2023, the nephew of 35th US President John F. Kennedy has emerged as one of the most crypto-friendly politicians. About two months after entering the race, Kennedy promised that he would back the dollar with Bitcoin (BTC) and other assets if he were elected to the White House.
“The Kennedy Administration will begin to back the US dollar with real finite assets such as gold, silver, platinum and Bitcoin, which is the world’s most difficult liquid asset to strengthen the US dollar and ensure its continued success as the world’s reserve currency.”
According to Kennedy, Bitcoin is a solution to currency devaluation and money printing.
“Between 2008 and 2022, the Fed worked with a handful of big banks to print $10 trillion—ten centuries of wealth in fifteen years—a boon for the bankers.
Cryptocurrencies like Bitcoin offer the public an escape route from the splatter zone when this bubble invariably bursts. So the White House is conspiring with the bankers to keep us all trapped in the bubble of profiteering and control.”
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