US Lawmaker Suggests ‘WallCoin’ to Fund Trump’s Mexico Border Wall

Coindesk.com ^ | December 14, 2017 | Nikhilesh De

[Beautiful_Gracious_Skies]

Ohio Congressman Warren Davidson thinks crowdfunding may provide a solution to the controversial proposal of building a wall on the Mexican border.

And, perhaps more notably, he suggested using a cryptocurrency to do so.

During an interview with NPR’s Steve Inskeep, the U.S. lawmaker explained that he has already proposed letting the American public pay for the wall, which is opposed by Democrats but mades up a key aspect of President Donald Trump’s list of 2016 campaign promises. In particular, Davidson told Inskeep, he has suggested a private funding program wherein “the American people, or whomever should choose to donate,” (including residents of Mexico) would be able to fund the wall’s construction.

He went on to add:

“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.”...[snip]

Davidson is an outspoken supporter of the cryptocurrency space, having previously held a round-table event with more than 80 representatives from both the crypto and finance industries to discuss possible legislation for initial coin offerings.

[gleeaikin]

A 2 or 3% tax on remittances could help pay for it. I don’t know about the cryptocurrency approach. A lot of the little guys who voted for our President might want to make a small donation, but would have no idea how to use Bitcoin or something like that.

[Candor7]

WallCoin?

Sign me up.

I have $500.00 to unload.

[zencycler]

Publicly deport one or more sympathetic illegals (ie only guilty of being here illegally) every day, and announce this will continue until wall funding is passed. Publish a list of those detained and facing deportation that they could age by funding wall. And as soon as legally possible, include the dreamers on that list.

[Taxman]

A Southern USA Maginot Line?

I love it!

[Openurmind]

I was duly corrected, Apparently my memory doesn’t go back 12 years...

Thank you for the great information!

[Openurmind]

I was duly corrected on this, it’s been 12 years. But I agree... There is a whole lot more to it such as environmental impact studies and Etc.

[TheConservativeTejano]

Set up a fund to allow the public to donate. I’ll donate. Promise.

Partner, there will be a lot of donations to the this site, since we will all get the word around. Great idea.

[Nailbiter]

Wrong approach - this is congress and house abdicating their responsibilities. They do not want to piss off their constituents - so instead they go crowd funding, so they do not need to take a stand. Also both houses have provided funding for the wall over the years- yet we still do not have a wall - where did the money go? So no crowd funding - make reps and congress critters take a stand for or against the wall. Would be helpful to know if they are representing American interests or Globalist interests.

[The Pack Knight]

This is a pretty neat idea. Maybe more of our government should be funded this way. Then anyone who wants increased government spending on something can put their money where their mouths are.

[The Toll]

Great idea! All of our tax money goes to everything under the sun, but when we want the Government to do it’s basic function, we need a f*”&*^ING bake sale???????