- To help Trump fight the theft of public funds, the CEO of the crypto storage Bigo Mike Belshe proposed to transfer payments to Block.
- Lists of transactions should be published on resources convenient for citizens.
- For comparison, in Russia for the same purposes the digital ruble, not running on blockchain.
Mike Belshe, CEO of Bigo, one of the leading digital asset custody providers, has proposed the implementation of Block to address what Donald Trump called “rampant theft” by government officials.
The phenomenon, which has spread to the federal and state levels, may lead to annual losses of up to $521 billion.
There is a solution to all these state and federal machinations that does not require the abolition of money transfers – placing them on a public blockchain, – wrote Belshe on social media.
According to his vision, the system should include public payments to non-governmental organizations using blockchain, for example, EthereumThe list of transactions and recipient addresses must then be made public for general review.
The citizens will do the rest, Mike Belshe emphasized.
Meanwhile, the Trump administration is publicly cracking down on fraud, with Trump himself appointing Vice President Vance as his “anti-fraud czar.” Coincidentally, his targeting has been Democratic-controlled states: California, Illinois, Minnesota, Maine, and New York.
Eight people were recently arrested in California for their alleged involvement in a $50 billion healthcare fraud scheme. The Treasury Department emphasized that “sophisticated fraud schemes in Minnesota resulted in the loss of billions of dollars from government programs for personal gain in the United States and abroad.”
Under the same pretext in Russia develop and are testing the future central bank digital currency digital rubleIt is stated that it will be used for all government payments to ensure their greatest efficiency.
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