Shiba Inu proposes $2.35B blockchain hub for US growth
Shytoshi Kusama, the lead developer behind Shiba Inu, has proposed the creation of a “Strategic Hub for Innovation and Blockchain” (S.H.I.B.) in the United States.
The initiative, aimed at establishing a “Silicon Valley for crypto,” would support economic growth, job creation, and foster collaboration among blockchain startups.
Kusama announced this proposal on November 9, aligning with reports that President-elect Donald Trump may build up to ten “freedom cities” on federal land.
The S.H.I.B. proposal has an estimated budget of $2.35 billion, projected over five to ten years.
“By leveraging blockchain’s transformative potential, this S.H.I.B. initiative aims to stimulate economic growth, create high-quality jobs, enhance national security, and reinforce the United States’ leadership in emerging technologies,” Kusama noted.
Key aspects of the initiative include partnerships between local and digital universities to establish specialized blockchain degree programs, alongside investments in K-12 STEM education and workforce training programs.
The proposal also highlights the need for regulatory clarity, advocating for a regulatory sandbox that would allow blockchain companies to test their technologies with government oversight.
The proposed hub is expected to generate significant economic benefits, potentially contributing $500 million and creating 5,000 jobs within the first two years.
Within five years, the initiative could generate 20,000 jobs and add $2 billion annually to the economy.
Kusama envisions the S.H.I.B. hub becoming a global blockchain headquarters, contributing over $5 billion annually beyond the initial five-year phase.
Kusama suggested that funding for the project could come from President-elect Trump’s planned Department of Government Efficiency (DOGE).
“[It is] a visionary approach that our foundation WILL officially propose to this new administration now that this has been announced, and I believe that even a fraction of the funds gathered through D.O.G.E. will pay for these innovations,” Kusama stated.
At the time of reporting, the Shiba Inu price was $0.00002614.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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