US presidential candidate Robert Kennedy Jr. called the rapid growth of the national debt an existential threat to America in one of his public speeches. Kennedy believes that adding DeFi elements to government control over budget spending could play an important role in solving the problem of national debt management.
According to the politician, the current administration of Joe Biden, like the administration of former US President Donald Trump, has brought the country to the brink of a major crisis due to uncontrolled excessive spending and the growth of the national debt.
“Government officials must improve their financial literacy and look to decentralized finance, such as the Bitcoin blockchain. Digital asset market tools can help policymakers be more transparent about how they spend public funds. And informed citizens can hold their elected representatives accountable for their actions,” Kennedy Jr. said.
He said that including Bitcoin in the US Treasury’s reserve assets would allow America to remain at the forefront of technological innovation and bring discipline to the national budget spending system.
Earlier, Robert Kennedy Jr. said that blockchain and cryptocurrencies can protect people from government interference in their private lives, as well as avoid a possible conflict between living people and artificial intelligence.
Source: Bits
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