U.S Congressman Suggests “Wall Coins” To Fund The Mexican Border Wall By Using Blockchain. Could This Be A Realty?
The Republican Congressman Warren Davidson of Ohio suggested raising money to construct the wall on the border with Mexico which trump been talking about for the past two years of his presidency, using blockchain, in an interview on NPR Dec. 12.
Warren Davidson, who is well known for being pro-cryptocurrencies gave his thoughts to Steve Inskeep, the host of NPR’s Morning Edition about the United States president, Donald Trump’s recent threat to shut down the government if Congress refuses to pay for a border wall. In his opinion, the best option would be to “Buy a Brick, Build a Wall,” that would accept public donations for the wall’s construction.
Clarifying how he saw a wall donation program working, Davidson invoked blockchain and “wall coins,” telling reporters Wednesday:
“You could do it with a sort of, like, crowdfunding site. Or you could even do a blockchain, and you could 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.”
Moreover, he also mentioned that they would not be able to construct a wall all along the entire border with Mexico by the raised funds.
“If you look at the areas where you have secured them with walls, 5 billion isn’t going to build a wall like the Great Wall of China. I mean, this is going to build secure fences, which was incredibly bipartisan when it was called the Secure Fences Act,” he added.
Davidson did not mention yet if he proposed his blockchain-based wall funding concept in any official capacity.
The congressman is very well known for pushing crypto-related legislation. He has plans to introduce a bill that would allow ICOs to “sidestep” the country’s securities law. Furthermore, this fall the Ohio Rep. hosted a “crypto roundtable,” 45 representatives from major Wall Street firms attended, and many crypto entrepreneurs were there, the whole thing was dedicated to the issues around regulating crypto.
Besides all these, he also has plans draft bill that offers to clearly regulate cryptocurrencies and ICOs. Moreover, thanks to him, Ohio became the first state in the U.S to accept tax payments in Bitcoin (BTC) from businesses, with plans to also receive payments from individual filers in the future.
Berman, A. (2018, December 23). US Congressman Offers to Fund Mexican Border Wall Using Blockchain, ‘Wall Coins’. https://cointelegraph.com/news/us-congressman-offers-to-fund-mexican-border-wall-using-blockchain-wall-coins
US Congressman: Crypto WallCoin Will Pay for US-Mexican Wall. (2018, December 15).https://newconomy.media/article/us-congressman-the-cryptocurrency-will-allow-raising-funds-for-the-construction-of-the-us-mexican-wall/
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U.S Congressman Suggests “Wall Coins” To Fund The Mexican Border Wall By Using Blockchain. was originally published in Data Driven Investor on Medium, where people are continuing the conversation by highlighting and responding to this story.