Independent presidential candidate Robert F. Kennedy Jr. has proposed implementing blockchain technology for the entire US budget. This move aims to enhance transparency and accountability, allowing every American to monitor government spending round the clock.
Kennedy believes that putting the budget on blockchain would give all citizens access to every budget item, providing greater oversight of how taxpayer dollars are spent. However, achieving this goal would be a substantial undertaking, considering the massive scale of federal spending.
Kennedy’s proposal aligns with his support for digital assets. He accepts campaign donations in bitcoin and plans to back the US dollar with bitcoin if elected. However, he opposes a central bank digital currency (CBDC), which the Federal Reserve is currently exploring.
Kennedy’s pro-cryptocurrency stance differentiates him in the presidential race, with Stand With Crypto rating him as “strongly supportive” of crypto. In contrast, Trump is rated as “supportive,” while Biden is viewed as “against” crypto despite his executive order on digital asset development.
