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.

  • HuntryBid4n@discuss.online
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    29 days ago

    people you like

    I never said that.

    Again, my comment was specifically addressing the person who holds an indiscriminate disdain for all crypto enthusiasts.

    Or do you have examples of them calling someone else Nazis that you feel doesn’t deserve the label?

    That’s easy: me.

    • Flying Squid@lemmy.world
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      29 days ago

      Again, do you have any other examples of them doing this with any other group of people? Otherwise your suggestion that they see Nazis around every corner still makes no sense.