RFK Jr.’s blockchain idea, Ethereum ETF approval in question, Bitcoin’s unlikely bull run | Weekly Recap

A U.S. presidential hopeful expresses excitement over blockchain technology. The surge in Bitcoin‘s price following its halving remains uncertain. Regulators are believed to reject the proposal for a spot Ethereum ETF. According to crypto.news, here is a summary of recent developments.

RFK Jr. opines about blockchain

  • During an April 21 rally in Michigan, U.S. presidential candidate Robert F. Kennedy Jr. said that putting the U.S. budget on the blockchain would allow Americans to access any budget item at any time.
  • Integrating the budget with blockchain technology will significantly increase transparency, he says, adding, “If somebody is spending $16,000 for a toilet seat, everybody’s going to know about it.”
  • If the proposal comes to fruition, American taxpayers would be able to track where funds are being spent. The idea was well-received by some corners of the cryptocurrency community, with some claiming it would end corruption.

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2024-04-28 20:39