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U.S. Housing Agency Considers Launching Crypto Experiment (www.propublica.org)
submitted 1 week ago by sc_griffith@awful.systems to c/buttcoin@awful.systems
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introducing speculative assets into the housing market has caused some problems before.

it's for corrupt purposes, of course:

The blockchain idea is being pushed, a HUD official told colleagues, by Irving Dennis. Dennis, the agency’s new principal deputy chief financial officer, is a former partner at the global consulting giant EY, also commonly known by its original name, Ernst & Young. EY itself is involved in the proposal as well: An executive of the firm discussed the idea with HUD officials last month.

a followup story: https://www.propublica.org/article/hud-cryptocurrency-blockchain-democrats-maxine-waters

archive link: https://web.archive.org/web/20250329193844/https://www.propublica.org/article/hud-considers-crypto-blockchain-stablecoin-housing-urban-development

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[-] dgerard@awful.systems 5 points 1 week ago

Maxine Waters hates crypto bullshit with the fire of a thousand suns, she's not in power any more but she can help jam this up

this post was submitted on 07 Apr 2025
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