One of the US presidential candidates in the current race has announced great plans for cryptocurrency. Libertarian candidate Adam Kokesh believes in digital currencies and hopes to issue an ‘AmeriCoin.’
In a recent press release, Kokesh has appointed Alastair Caithness as his Chief Blockchain Policy Advisor. Caithness will be responsible for the research and development of the AmeriCoin cryptocurrency. The announcement says that AmeriCoin “will function in a similar manner to Bitcoin” but will be stablecoin backed to Federal government assets. These assets include energy, gold, land, timber and mineral reserves. AmeriCoin will also be decentralized, as Kokesh seeks to allow the American people to maintain their privacy by “reducing the intrusion of the U.S. Federal government into all aspects of American life.
“The issuance of AmeriCoin to all US citizens represents the return of wealth possessed by the Federal government to its citizens and will serve as a form of universal basic income and reparations for all citizens who have been unable to achieve the American Dream due to unfair governmental tax and policing policies.”
Kokesh intends to give all US citizens an equal amount of AmeriCoins, on his first day as President.
This is not the first time a presidential candidate has announced plans for the sector. Both Andrew Yang and Michael Bloomberg had plans before they dropped out of the race.
Image Credits: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
