U.S. Housing Agency Considers Launching Crypto Experiment - awful.systems

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 [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 [https://web.archive.org/web/20250329193844/https://www.propublica.org/article/hud-considers-crypto-blockchain-stablecoin-housing-urban-development]