Robert F. Kennedy Jr. has proposed the idea of placing the 2024 US budget on a public blockchain. He made the announcement during a rally in Michigan on April 21. Kennedy believes that storing the budget on the blockchain would provide transparency, allowing Americans to access any budget item at any time. As an example, he emphasized that if someone were to spend a large amount on a mundane item such as a toilet seat, it would be known to everyone.
If this proposal goes through, American taxpayers would have the ability to monitor where the money is being utilized. This idea has garnered support from some segments of the cryptocurrency community, with assertions that it could help in curbing corruption. The move is pivotal in reflecting Kennedy’s advocacy for decentralization, despite his prior reservations about the launch of a Central Bank Digital Currency (CBDC) in the US, which he had described as a potential threat to human and civil rights. Notably, Kennedy has also expressed public support for Bitcoin and is among the few presidential candidates to do so.