Robert Kennedy Jr. proposes solving the US national debt problem through blockchain and DeFi
Date: 2024-07-23 Author: Henry Casey Categories: BLOCKCHAIN
US presidential candidate Robert Kennedy Jr. expressed concern about the rapidly growing national debt, calling it an existential threat to the country. In his public appearances, he emphasizes that uncontrolled spending and increasing national debt, which began under the Joe Biden administration and continued under the Donald Trump administration, have led the country to the threshold of a major financial crisis.
The role of DeFi in public debt management
Kennedy Jr. proposed using elements of decentralized finance (DeFi) to improve government debt management. In his opinion, the integration of DeFi tools can increase the transparency and efficiency of spending budget funds. He emphasizes the importance of increasing financial literacy among government officials and the need to explore the opportunities offered by the digital asset market, such as the Bitcoin blockchain.
Kennedy Jr. believes that the adoption of blockchain and DeFi technologies can promote greater openness regarding the spending of public funds. He noted that informed citizens will be able to demand greater accountability from their elected representatives. “Digital asset market tools can guide policymakers on how to be more transparent about how public funds are spent. And informed citizens have the power to hold their elected representatives accountable for their actions,” Kennedy said.
Bitcoin in Treasury Reserve Assets
The politician also proposed including Bitcoin in the reserve assets of the US Treasury. In his opinion, this will allow America to remain at the forefront of technological innovation and bring discipline to the system of spending the national budget. The inclusion of Bitcoin in reserve assets, according to Kennedy, can strengthen the country's financial system and ensure its stability.
Previously, Robert Kennedy Jr. stated that blockchain and cryptocurrencies can protect people from government interference in their private lives. He believes that these technologies can help avoid potential conflict between living people and artificial intelligence, ensuring the safety and autonomy of citizens in the digital age.
Robert Kennedy Jr.'s proposals to use blockchain and DeFi to solve the government debt problem and increase financial transparency demonstrate his commitment to innovation and technological progress. His ideas are aimed at strengthening the country's financial stability and protecting civil rights in the face of growing digital influence.
