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In his most recent gathering, the pro-crypto US contender, Robert F. Kennedy Jr., pledged to leverage blockchain technology to “enhance transparency for American citizens” if elected. This independent candidate has been a consistent advocate for blockchain technology and the cryptocurrency sector, garnering support from key figures within the community.

Proposal to Implement Blockchain for the US Budget

At a rally in Michigan on April 21, presidential candidate Robert F. Kennedy introduced the concept of placing the US budget on the blockchain to improve transparency. Kennedy boldly stated, “I intend to integrate the entire US budget onto the blockchain.”

The call for greater transparency regarding the allocation of tax funds resonates with US citizens. This initiative aims to address the prevalent concern among Americans:

Each American will have access to every budget item within the entire budget, round the clock.

If Kennedy emerges victorious in the November election and follows through with this plan, the US budget would be under the scrutiny of “300 million pairs of eyes.” Consequently, citizens would be informed about instances such as “a $16,000 expenditure on a toilet seat.”

The crypto community has responded positively to this proposal. Users on the social media platform X hailed the idea as “groundbreaking” and as something that “the nation’s founders would have embraced with today’s technology.”

The transformative impact of this proposal is underestimated by most Americans. This aligns with the principles of the nation’s founders given contemporary technology. This is pivotal for establishing a trustworthy government.

— optictopic (@Optictopic) April 22, 2024

Another user viewed the proposal as a “refreshing” approach to problem-solving, despite expressing skepticism about the independent candidate’s chances of winning the election.

The outcome of the upcoming US presidential elections in November could significantly influence the adoption and regulation of cryptocurrencies in the country. This electoral cycle has showcased a spectrum of regulatory strategies and endorsements of cryptocurrencies among the candidates.

Notably, former Republican candidate Vivek Ramaswamy advocated for enhanced crypto regulations and raised concerns about Central Bank Digital Currencies (CBDC). Ramaswamy’s stance has influenced former US president and current Republican candidate, Donald Trump.

Trump has now voiced his opposition to an American CBDC and has exhibited a more favorable stance towards cryptocurrencies. Despite his preference for the US dollar, the former president acknowledges the significance of cryptocurrencies and the industry.

Cardano Founder Endorses RFK Jr.

Renowned figures such as Jack Dorsey, the founder of Twitter and current CEO of Block Inc., have extended their support to the independent candidate’s campaign. Most recently, Charles Hoskinson, the founder of Cardano, publicly endorsed the politician.

In a post on X, Kennedy shared a video clip of Hoskinson expressing his views on the upcoming presidential elections. As of April 4, the founder of Cardano believes that RFK Jr. is an individual “capable of making a difference, irrespective of the election outcome.”

Charles Hoskinson, the crypto expert and co-creator of Cardano (@IOHK_Charles), backs RFK Jr., endorsing him as the top choice for this November’s election.

#KennedyShanahan24 pic.twitter.com/a0taHwr0cD

— Robert F. Kennedy Jr (@RobertKennedyJr) April 17, 2024

Hoskinson reiterated his support for the candidate, referring to him as “the ideal candidate for this November.” He expressed his desire for people to be inspired by this election, emphasizing the need for a “strong civic awareness that change is imperative,” regardless of the election outcome.

Based on these sentiments, some users on X speculate that Cardano could be the blockchain of choice for the presidential candidate to implement his “US budget on Blockchain” initiative. Others argue that the Bitcoin blockchain might be better suited for this purpose.

Ultimately, Kennedy’s proposal has sparked discussions on how blockchain technology could be harnessed to address issues within the American system and promote transparency.

Disclaimer: This content is provided for informational purposes exclusively. It is not intended as legal, tax, investment, financial, or any other form of advice.

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