Congressman Davidson’s Controversial Idea to Crowdfund the US-Mexico Wall with Cryptocurrency

President Trump’s proposal to build a wall across the US-Mexico border has been steeped in controversy since it was first mentioned during the election.

One of Trump’s plans for the wall, and one that has surprised the public is that Mexico will pay for it. Trump first stated that Mexico will pay for the wall in June 2015, and he hasn’t backed down on this idea either. Earlier this week on 13 December 2018, Trump tweeted:

“I often stated, “One way or the other, Mexico is going to pay for the Wall.” This has never changed. Our new deal with Mexico (and Canada), the USMCA, is so much better than the old, very costly & anti-USA NAFTA deal, that just by the money we save, MEXICO IS PAYING FOR THE WALL!”

Republican Congressman Warren Davidson has come up with a unique proposal for how the wall should be funded: With cryptocurrency. Davidson proposes a sort of crowdfunded wall, paid for by whoever is in support, for example, Americans, and even Mexicans.

Davidson stated:

“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.”

Although this is an unusual suggestion, Davidson is known for being an outspoken supporter of cryptocurrency, so the proposal isn’t so unusual coming from him.  Davidson also isn’t naive in thinking this would fund the whole wall, but rather significant sections of it, as well as secure fences in less critical areas.

He added: “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,”

It’s always good to see cryptocurrency enter new fields where it has the potential to shape the future; however, this one may be too polarizing. Cryptocurrency is still an emerging technology that needs to win the hearts and minds of the public. Attaching cryptocurrency to such a contentious issue could lead to disaster; It could cement cryptocurrency as a political tool associated with a proposal that such a large portion of the popular have issues with.

At present, the suggestion is just that, a suggestion, and there are no plans to make this happen.