The Department of Housing and Urban Development, which oversees billions in aid and insures more than a trillion dollars in mortgages, is pondering using the blockchain and a stablecoin. One HUD official derided it as “Monopoly money.”

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

    • selfAEnglish
      7·
      8 months ago

      oh fuck off

      I’m not saying it’s always infosec.pub, but

      • bitofhopeEnglish
        7·
        8 months ago

        This is infosex.change and bourneshell.itjustworks.justworks erasure.