US Lawmaker Proposes the ‘WallCoin’ to Fund the Construction of the Border Wall

The United States President Donald Trump has made no secret about the fact that he wants to build a wall right at the American border with Mexico; one of the most dangerous and busiest in the world because of all the migratoryactivity that it sees day in and day out. Thousands of illegal Mexican citizenscross the border to look for much better jobopportunities and higher standards of life.

Trump has said in the past that Mexico, someway or another, is going to pay for the wall. However, a US Congressman has a very creative idea to raise funds for the controversial project: crowdfunding.

Crowdfunding: a Viable Solution?

Warren Davidson, who is a Congressman from the state of Ohio, thinks that crowdfunding is the best solution to raise enough money to pay for the wall, a project that has been on Trump’s mind for months.

To be more specific, one of Davidson’s ideas is to raise money in the form of a cryptocurrency. In a recent interview, the law maker from the Republican Party (the same as president Trump) stated that he has been toying with the idea for quite some time now and has already proposed it.

However, there is significant opposition from the Democrats. The Mexican border wall was an essential aspect of Trump’s presidential campaign in 2016, ranking high in the list of promises made by the colorful leader.

According to Davidson’s idea, the project may involve a private funding round in which both American and Mexican citizens can contribute to raising money for the construction of the so-called wall. Residents of any country may be able to donate.

Davidson is the primary person behind the “Buy a Brick, Build a Wall Act,” a bill that would give the green light to the Secretary of the Treasury to accept monetary gifts from anyone to be used for the designing, construction, or maintenance of a “barrier along the international border between theUnited States of America and Mexico.” The raised money would goin to an account called the “Border Wall Trust Fund.” Additionally, a public web page would manage digital or electronic donations.

The WallCoin

“You could do it with a 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,” he said in an interview the last week.

The Congressman conceded that the funding initiative most likely would not support a full wall across the whole border, saying that fences could be needed to reinforce some of the sectors of the construction.

“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 are not going to build a walllike the Great Wall of China, this is going to build secure fences,” were hisexact words about the subject.

Davidson, a known pro-crypto politician in today’s landscape, hosted a meeting in the past in which almost 100 representatives of the finance and crypto industries tried to discuss and reach common ground in a sensitive subject: ICO (Initial Coin Offerings) regulations.

By Andres Chavez