US Rep Warren Davidson Suggests “Wall Coins” and Blockchain Tech to Fund Trump’s Border Project

A secure border for America had been a rallying cry for Donald Trump when he was touring the country during the elections. Now, the President has been repeatedly frustrated by the opposition; who refuses to entertain such an idea. In fact, many Republicans feel the whole border wall issue has been debased to the levels of a mindless tug of war in the Congress. The President, with his usual penchant for theatrics, went on to threaten a government shutdown if he did not receive funding for a security project which was a cornerstone of his campaign.

Buy A Brick, Build The Wall

In such a situation, US Rep. Warren Davidson (R-OH), in a recent interview given to NPR, stated that other options are being investigated; one could be the use of blockchain technology. He and his Republican colleagues have been planning for things in case the expected federal funding does not come through. Some of the plans such as Crowdfunding and voluntary contributions are already more than just idle thoughts. Rep Davidson had introduced a bill that many referred to as “Buy a Brick, Build the Wall”. The idea was to let the State Treasury accept any donations into a trust fund account to raise funds for building the wall. Thus giving the people who support Mr. Trump an opportunity to actively participate and contribute, towards an issue they might have strong opinions about.

What Was Actually Stated

While the bill itself did not specifically explore the possibilities offered by blockchain in any concrete way, the interview with NPR gave a clearer picture of what Mr. Davidson has in mind. Whilst in conversation he said:

“You could do with this sort of, like, a crowdfunding site. Or you could even do 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.”

Mr. Davidson also advised that the funding would not build a full wall across the entire border, some parts would be simple fences, a la the borders of India and Bangladesh. Addressing the monetary aspect he noted, “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.”

Wall Coin Or No Coin

When multiple news sources looked to clarify this statement, Mr. Davidson’s DC office confirmed that there are no immediate plans to build a crypto token or tokenized asset for the funding of the wall. While the idea is certainly enticing, the fact is that there is going to be no “wall coin” coming out anytime soon. Though the conservatives should be forwarned that this will be an ideal opportunity for a con artist to attempt such a scam.

Clearly what was meant in that interaction was that the primacy of the idea is paramount. The wall will be built, the means are being sought. It seems what got people really excited and talking is the fact that Rep. Warren Davidson is one of crypto’s strongest advocates in Congress. He had, recently, hosted an event where nearly a 100 representative of the crypto and finance sector attended and discussed the frameworks of a possible legislation for initial coin offerings.

Future Prospects

While that might be the end, for the moment, of this story; there is still the fact that President of the United States has a strong voter base that has morally supported his border wall strategy and if given the chance will do so with funding as well. If the Border Wall Trust Fund becomes a reality it would certainly give those supporters a more tangible way to help with Mr. Trumps most controversial idea.

And blockchain could still have a role to play in all this. From having Smart contracts so that funds are disseminated based on achieving certain milestones. Or government bonds could be issued on the blockchain. Regardless of their political affiliation, one has to remember these times shall be long remembered. If blockchain can sneak into the annals of history, it will certainly boost the entire industry.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Crypto Custodian Launches Brokerage Service, BitGo Prime, For Institutional Traders

Cryptocurrency custodian, BitGo, launches a prime brokerage service for institutional investors. According to the CEO of BitGo, Mike Belshe, speaking on the launch this...

Bitcoin Miner Manufacturer Canaan Stocks Crashing after 180-Day Lock-Up Period Expires

In the past two weeks, the price of Canaan (CAN) stocks have plunged 50%, from 5.97 on May 14th to $3. Yesterday, prices even...

Stellar Development Foundation Invests $550k Into SatoshiPay to Boost B2B Solutions

Stellar Development Foundation (SDF) adds funding close to $600,000 in SatoshiPay. The funding comes in loan convertibles and was distributed across the Stellar...

Can RippleNet Cloud be a Game Changer for Post-COVID Banks and Financial Institutions?

The COVID-19 pandemic has undoubtedly increased the adoption of emerging technologies. Since the world was challenged by this virus, innovations by the FinTech community...

Grayscale Consuming 53% More Bitcoin than Minted Since Halving

Goldman Sachs’ call covering bitcoin on Wednesday left the crypto community disappointed after they said that the largest cryptocurrency is not an asset class...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today