According to an internal memo, President Donald J. Trump hopes that the American Agency for International Development (USAID) will be renamed as an international humanitarian assistance in the United States (IHA). At the same time, the president also intends to that this is under the control of the secretary of state of the country, Marco Rubio, as part of his current reorganization campaign.
Besides the name change, Potus also wants cryptocurrency and blockchain technology to be strongly in its operations.
Trump is centered on crypto, Techchain Tech for Iha
Politico has said that, according to the note observed by state Department staff, the use of blockchain technology will facilitate secure and traceable transactions for international humanitarian assistance that the United States will provide to its global allies.
The memo has not indicated that the exact plans are that the administration has for the blockchain technology it will use. The report speculates, however, the report assumed that it would imply the use of cryptocurrencies and stablescoins for transactions.
REFRANDE USAID: What is the role of blockchain?
The Ministry of Government Effectiveness (DOGE) under Musk has put USAID in its reticle, effectively putting the agency and its entire staff on administrative leave, which has also led to layoffs. It is believed that the new focus on blockchain technology encourages more transparency, traceability and efficiency within the agency.
It has been assumed that he could use a big blockchain book to help follow disbursements and help donations, which is not a common practice for humanitarian purposes.
President Trump and cryptocurrency
President Trump clearly indicated during his campaign that he would transform the United States as a “cryptographic capital” in the world, and his goal would be blockchain industry to deliver a new future for the country. At the same time, he also said that he would favor Bitcoin and make a global superpower.
Trump has carried out major blockchain movements, including the forgiveness of Ross Ulbricht, the restructuring of the dry, etc. In addition, several weeks after taking oath, the potus also signed its first crypto policy which aims to promote a more stable market, affecting a working group to start future regulations, policies, etc.
The integration of the cryptocurrency in American Lives is one of the objectives of this second term of President Trump, and the efforts to make this possible, including collaborations with related companies as well as the formulation of regulations.
