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.

  • @ilickfrogs
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    72 hours ago

    The fuck is there to loosen? lmao

  • TimLovesTech (AuDHD)(he/him)
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    63 hours ago

    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.

    • @horse_battery_staple
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      114 minutes ago

      Waiting for the bullshit doge fork that Elon will pump. I’m betting it’s called Freedom Coin.

    • Atelopus-zeteki
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      12 hours ago

      Oh, sigh, there’s so much to dislike about this criminal enterprise that calls itself #47.

  • Admiral Patrick
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    184 hours ago

    Adding that to the list of reasons I dislike crypto and its fanboys (as if I needed another).

      • @horse_battery_staple
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        73 hours ago

        I hold XMR and run a couple algos. I fully understand the need for anonymous payment. Crypto has been co-opted by AnCaps and hackers. It’s absolutely appropriate to feel that 90% of crypto are rug pulls and pump and dump shit coins.

      • @Carnelian
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        174 hours ago

        No reason to hate neo nazis in your opinion? Very interesting

          • @horse_battery_staple
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            114 hours ago

            No. Fuck Nazis.

            If a Nazi is at a table of 4 and no one speaks up. That table has 4 Nazis.

                • @[email protected]
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                  12 minutes ago

                  No, there’s good reasons to recognize people like Nazis as human.

                  Despicable, unforgivable, utterly detestable humans. But still humans.

                  It’s an important distinction, because when you say to yourself “Monstrous people aren’t human” the unspoken corollary to that is “And I’m human, therefore I cannot be a monstrous person.”

                  Dehumanizing Nazis is how Nazis get away with being Nazis. Because when they’re cartoon monsters on TV, everyone recognizes them as Nazis. But when it’s someone’s cousin or uncle, they figure “I know that guy. Yeah, he’s got some shitty opinions, but he’s not a monster. He loves his kids. He helps out at the church bake sale. So there’s no way he could actually be a Nazi, because only monsters can be Nazis.”

                  It’s incredibly important to admit to ourselves that evil can live anywhere. That it can be in anyone. It would be easier to live in a world where we could draw these clean lines between monsters and humans, but reality just isn’t like that.

                  Nazis are human beings, and that is by far the worst and most horrifying thing about them.

      • @grue
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        3 hours ago

        No, fuck this. You are not entitled to make insinuations about people’s mental state just because they don’t agree with your gaslighting bullshit. You need to be banned.

        Edit: brand new account; probably evading some other ban. Get this trash out of here.

      • @Zachariah
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        44 hours ago

        “…list of reasons…”
        “…no reason…”

        ?

        • @[email protected]
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          33 hours ago

          There are a lot of people who take the approach of “If I make absolutely no sense until the other person gets frustrated, that means I win”.

          Checkmate, you stupid round earth idiots