Department staff are considering the prospect of integrating blockchain into the government payment system. They have already held several meetings with leaders of major companies operating in the Web3 space to explore their methods and technologies.
Experts note that Musk is pursuing a long-term goal — to reduce the federal budget by trillions of dollars a year. He believes that thanks to the transparency provided by blockchain, it will be possible to monitor spending more effectively.
Experts also remind us that Robert Kennedy Jr. proposed a similar idea in 2024: to move the entire federal budget onto the blockchain so that every American could see how funds are being spent.
Earlier, former US President Donald Trump signed an executive order on the development of the crypto industry. This document aims to clarify the regulatory framework for digital assets, blockchain technology, and distributed ledger technology (DLT).
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