NEW: Following reporting by ProPublica, three Democrats on the House Financial Services Committee have warned HUD against using crypto, which they said could be “dangerous, speculative, and harmful to working families.” By @jessecoburn.bsky.social - ThreadSky

propublica.org • 75 days ago

NEW: Following reporting by ProPublica, three Democrats on the House Financial Services Committee have warned HUD against using crypto, which they said could be “dangerous, speculative, and harmful to working families.”

By @jessecoburn.bsky.social

Comments

bxbx4.bsky.social•75 days ago

Ponzi scheme, beanie babies will hold more value over time

elizabethpgraham.bsky.social•75 days ago

At least Beanie Babies are cute!

expatriot.bsky.social•75 days ago

I mean OTB is right there if we gotta gamble the rent

pinemikey.bsky.social•75 days ago

It's bad enough the scam crypto industry is making billions from gullible tech-bro followers & unsuspecting investors, going after people who don't have much else to give would be just malignant rather than business savvy.

melomys.bsky.social•75 days ago

JFC. Crypto?!

bluewomanvoting123.bsky.social•75 days ago

It's idiotic for this reason alone. All crypto roads lead back to Putin. He is trying to debauch our currency, our dollar.

Crypto isn't back by anything but speculation. Putin is pleased with Krasnov.

indylu.bsky.social•75 days ago

Cryptocurrency is a trump project which his family is heavily invested in

craigdodge.bsky.social•75 days ago

But you have to use crypto, you wouldn’t want the government tracking the spending of *checks notes* the government?

dk407.bsky.social•75 days ago

Remember when President VonClownstick was against Crypto and said it undermined the US dollar and he wanted the US dollar to be number one? The few redeeming qualities he had in his first dumpster fire of an administration are 100% gone.

modicool.bsky.social•75 days ago

Using a giant pump and dump scheme to base your home value on sounds like a fantastic idea.

onlytruthcansolve.bsky.social•75 days ago

UNDERSTAND WHO IS ACTUALLY BEING LIBERATED

arcatamarcia.bsky.social•75 days ago

They're experimenting with our money. They have zero concerns about the risks to OUR money. They will bear zero percent of the consequences of their risks. That will fall 100% on us because it's OUR money.

drerikafrances.bsky.social•75 days ago

The Dems might want to figure out what they want their storyline to be with @gallego.senate.gov @rokhanna.bsky.social cozying up to crypto.

peatbogrealtor.bsky.social•75 days ago

Crypto is about theft. The embezzlement of Federal money.

zobear.bsky.social•75 days ago

“Harmful to working families” is a selling point for Republicans

wordsofbrisdom.bsky.social•75 days ago

Maybe we should use those funds to buy lottery tickets, instead. 🤔

sludgespitz9.bsky.social•75 days ago

Republican Crypto bros are paying off Dems too. I know a bunch of House Dems who are being paid to push these policies through - including my rep Brad Schneider-IL.

pinemikey.bsky.social•75 days ago

Unfortunately, we have seen that in safe Dem districts, Republican politicos have swapped "parties" to get elected. Arizona & Pennsylvania Senators Sinema and Fetterman come readily to mind.

sludgespitz9.bsky.social•75 days ago

Yup. Just like those Reps from Florida who switched to Republican after the election. In my local mayoral election, 3 Republicans ran as Independents and hid their true politics from the public. They all luckily lost yesterday.

amtant1972.bsky.social•75 days ago

Crypto is Trump’s newest grift, pure and simple.

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