The independent candidate, Robert F. Kennedy, Jr., made a groundbreaking announcement at a rally in Michigan, proposing to shift the entire US budget onto the blockchain. This initiative aims to enhance transparency in the budgetary process, allowing Americans the unprecedented ability to scrutinize budget items at their convenience.

Kennedy’s vision encompasses not only the ethical considerations but also the practical implications for public office, advocating for complete financial openness to combat corruption and promote fiscal responsibility. By advocating for a system of public oversight, Kennedy highlights the importance of recent government spending as a prime example.

Support for Kennedy’s stance on cryptocurrencies and blockchain technology comes from Stand with Crypto, a non-profit organization dedicated to advocating for appropriate crypto regulations. Kennedy, who openly accepts Bitcoin contributions for his campaign, has expressed his belief in a future where Bitcoin could potentially replace the US dollar if he assumes office.

While Kennedy champions blockchain for its transparency benefits, he stands against the issuance of central bank digital currencies (CBDCs) due to privacy concerns. In contrast, Federal Reserve Chair Jerome Powell has indicated that the development of a CBDC will not proceed until congressional legislation provides approval.

For further insights on Robert F. Kennedy Jr.’s position opposing CBDCs in the US, refer to the article titled Robert F. Kennedy Jr. Joins Presidential Race Opposing CBDCs in US.