Congressman Warren Davidson of the state of Ohio believes that crowdfunding may give a possible solution to the proposed wall to be erected on the U.S.-Mexico border.
Remarkably, the Ohio congressman recommends the use of digital currency in doing so.
In an interview with Steve Inskeep of NPR on December 12, Davidson has pointed out that he has already suggested making Americans shoulder the wall’s construction, which the Democrats strongly contradicted but is also one of the highlights of U.S. President Donald Trump’s 2016 campaign promises. The U.S. legislator tells Inskeep he has recommended a private funding program in which “the American people, or whomever should choose to donate.”
He continues by saying:
“You could do it with sort of like a crowdfunding site or you could do a blockchain and you could have WallCoins, but you could raise the money and frankly if we get it right at the Treasury you could even pay with Mexican pesos.”
However, Davidson indicates that the funding is not set to support a full wall in the whole border, adding that certain portions will most likely be fortified using fences.
The lawmaker states:
“There are areas that you would want to secure with a wall, and 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, this is going to build secure fences.”
A staunch advocate of digital currency, Davidson has already conducted a round-table event with over 80 representatives coming from the cryptocurrency and finance industries to talk about potential legislation for initial coin offerings (ICOs).