“Revolutionary Proposal by Presidential Candidate John Kennedy: Complete Budget Transparency on the Blockchain to Combat Corruption in the United States”

US presidential candidate Robert F. Kennedy Jr. announced that he plans to use blockchain technology to enhance transparency in the US government’s budget and enable every American to view real-time fiscal expenditures. Kennedy, the first presidential candidate in US history to accept campaign donations in Bitcoin, has consistently expressed support for cryptocurrencies. On April 21st, during a campaign rally in Michigan, Kennedy outlined his plan to increase tax transparency and accountability through blockchain technology. He stated, “I will put the entire US budget on the blockchain. Every American will be able to view every budget item at any time, 24 hours a day.” This has garnered praise from many cryptocurrency supporters, who claim it will be revolutionary and put an end to corruption. One internet user responded, saying, “Transparent public accounting may be the best use case for blockchain technology, apart from supply chains. If the various departments of the government, especially the President and Congress, are involved in corruption together, the checks and balances won’t work. Now is the time for the people to hold them accountable.” However, some critics have criticized the plan, alleging that Kennedy is advocating for central bank digital currency (CBDC) through his blockchain initiative. In reality, Kennedy strongly opposes the development of a US CBDC, viewing it as an invasion of privacy and an excessive government control. In a previous interview with Bitcoin Magazine, when asked, “Do you believe the US government should directly issue digital currency to citizens?” he commented, emphasizing the need for a free currency, one that is independent and not controlled by the government. This may well be the reason for his support of cryptocurrencies. In March of this year, he stated that cryptocurrencies are the “best hedge against inflation” and emphasized that they take away control from the government and monopolistic banking systems.