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.
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.