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.

    • HappyTimeHarry@lemm.eeEnglish
      3·
      22 days ago

      I’d really love to hear more about why xmr isn’t decentralized or anonymous if you could share more info

      • Aphelion@lemm.ee
        21·
        22 days ago

        Ah never mind, my dislexic and uncaffinated brain read XMR as XRP (Ripple), which isn’t decentralized. Monero does have its uses.