Summary
Donald Trump’s potential loosening of cryptocurrency regulations as president could benefit extremist groups like neo-Nazis and terrorists who use crypto for anonymous fundraising.
Far-right groups, such as the Base, already solicit Bitcoin and Monero for training and supplies, exploiting crypto’s anonymity to evade financial scrutiny.
While Biden’s administration has cracked down on crypto over national security concerns, Trump’s pro-crypto policies and appointments could accelerate extremist financing.
Analysts warn that weak private sector oversight and a lack of regulatory enforcement enable such activities, raising concerns about future abuse of cryptocurrencies.
The important part of this is Trump launching his new crypto “lending” platform they can’t explain. It’s surely to be a vessel for bribes to flow into and out of the new administration, and for all his “friends” to try and do all their shady business dealings. Allowing him to keep his new platform/fake-crypto-bank (or even his kids to proxy) while also being able to have it regulated (well apparently deregulated - although it’s already the wild west) seems like a HUGE conflict of interest/liability.
Waiting for the bullshit doge fork that Elon will pump. I’m betting it’s called Freedom Coin.
His new “lending” crypto scam is close, World Liberty Financial. He just got 30 million from a China-born “entrepreneur” that I’m sure will not be a conflict of interest. This scam apparently uses WFL tokens they are letting people pre-purchase before they even explain how the scam works lol.
He is stupid he will call it Xcoin or something.
Oh, sigh, there’s so much to dislike about this criminal enterprise that calls itself #47.