Presidential candidate Robert F. Kennedy Jr. has suggested implementing the U.S. budget on a blockchain for enhanced transparency and accountability.

Kennedy's proposal has garnered support from the cryptocurrency community, but there are concerns about the nation's preparedness for such a technological overhaul and the specifics of the blockchain technology to be employed.

He has consistently advocated for Bitcoin, opposing a U.S. central bank digital currency, and promising measures to prevent its establishment.

Kennedy has committed to linking the U.S. dollar to Bitcoin if elected and is the first presidential candidate to accept campaign contributions in Bitcoin.

The proposal reflects the growing significance of blockchain and cryptocurrency in political discourse, coinciding with the market's expansion and rising interest from institutional investors.