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Hoskinson Proposes Cardano as An Audit Layer for U.S. Treasury’s $7 Trillion Budget

  • Charles Hoskinson, founder of Cardano, proposes using Cardano as an audit layer for the U.S. Treasury's $7 trillion budget.
  • Hoskinson believes blockchain can enhance transparency and accountability in government spending.
  • He suggests that combining Bitcoin as a secure value-carrying layer with Cardano and Midnight (Cardano's privacy-focused sidechain) would create a unified, robust development stack.
  • Other major players in the industry, such as Coinbase, Algorand Foundation, and Elliptic, have also advocated for integrating blockchain into government operations.

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