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
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    7 days 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.

    • HuntryBid4n@discuss.online
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      7 days ago

      My comment was specifically addressing the person who holds an indiscriminate disdain for all crypto enthusiasts

      • Flying Squid@lemmy.world
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        7 days 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?

        • HuntryBid4n@discuss.online
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          7 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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            7 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.