Trump’s policies could aid terrorist and far-right groups who use cryptocurrency to help quietly finance their ends

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.

  • Flying Squid@lemmy.world
    42·
    1 month ago

    Seems like you’re seeing Nazis behind every corner,

    Seems like you know absolutely nothing about either Project 2025 or what Trump has just come right out and said he’s going to do.

    Either that or you know absolutely nothing about Nazis.

      • Flying Squid@lemmy.world
        22·
        1 month ago

        Then your comment makes no sense. They aren’t seeing Nazis around every corner, they’re seeing the people you like as Nazis. That’s a big difference.

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

          • Flying Squid@lemmy.world
            21·
            1 month 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.