Government Opinion

Trump ‘advised’ to embrace cryptocurrency funding model for the Mexican border wall

A lawmaker in the United States is of the opinion that, Donald Trump, the U.S president, should embrace cryptocurrency funding for the building of the Mexican border wall.

The lawmaker, Ohio Congressman, Warren Davidson, was speaking to NPR concerning Trump’s latest comments that he wants to build a border wall at the Mexican border and the Congress needs to meet the budget.

Instead of going hard on Congress, Davidson has a better way of raising the funds:

“You could do with this sort of, like, a crowdfunding site. Or you could even do blockchain, and you will have wall coins. But you could raise the money. And frankly, if we get it right at the treasury, you could even accept Mexican Pesos.”

The cryptocurrency funding idea will help raise the $5 billion needed although it is not enough to have the entire wall made of concrete. Other sections can be built using a fence, a ‘secure fence.’

The border wall, which was among Trump’s key agendas during his campaign in 2016, has created opposing parties. The Republicans are supporting the U.S president’s request for five billion U.S dollars to fund the border wall while the Democrats consider that ‘hostage to a petty campaign pledge.’

The lawmaker’s move to campaign for the adoption of a cryptocurrency  funding for the building of the border wall is not something alien. Warren has in be past believed in the power of blockchain and cryptocurrencies.

In September this year, Davidson joined members from the crypto community and traditional finance who had visited Washington, DC, with the sole purpose of having the U.S government develop a clear regulatory framework around initial coin offerings and crypto in general.

During the September meeting, Warren said:

“With a thoughtful, bipartisan approach that protects consumers, advances free-market solutions and defines safe-harbors for the early stage innovators, Congress can send a powerful message around the world that the U.S is the best destination for ICO markets”

Do you think embracing cryptocurrency funding for the Mexican border can even surpass the $5 billion target?

Let us know your thoughts in the comments section below.

coinmag

Philip is an experienced blogger keen on staying updated with trends and news surrounding the blockchain and Bitcoin space. With several years of freelance experience in various industries, Philip brings his knowledge and experience into the crypto space.

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