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Tanuki

(15,759 posts)
Thu Apr 3, 2025, 02:57 AM 21 hrs ago

Trump to exploit residual USAID as vehicle for crypto, blockchain

What could possibly go wrong?

https://www.techtimes.com/articles/309752/20250324/trump-reportedly-rename-usaid-involve-crypto-blockchain-technology-its-operations.htm

According to an internal memo, President Donald J. Trump wants the United States Agency for International Development (USAID) to be rebranded as US International Humanitarian Assistance (IHA). Alongside this, the president is also intending for this to be under the control of the country's secretary of state, Marco Rubio, as part of its current reorganization campaign.

Apart from the name change, POTUS also reportedly wants cryptocurrency and blockchain technology to feature heavily in its operations.

Politico reported that, according to the memo seen by State Department staff, the use of blockchain technology will facilitate secure and trackable transactions for the international humanitarian assistance that the USA will be providing to its global allies.

The memo did not indicate the exact plans are that the administration has for the blockchain technology it will use. The report speculates, however, the report speculated that it would involve the use of cryptocurrencies and stablecoins for transactions.
...
President Trump made it clear during his campaign that he will transform the United States as the "crypto capital" of the world, and his focus would be on the blockchain industry to deliver a new future for the country. Alongside this, he also claimed that he will prioritize Bitcoin and make it a global superpower."...(more)

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Trump to exploit residual USAID as vehicle for crypto, blockchain (Original Post) Tanuki 21 hrs ago OP
The aim is to replace the dollar with crypto and Trumps oligarchs will make more money than we can imagine. Doodley 20 hrs ago #1
What do they expect to do when there are countries and businesses that tell no_hypocrisy 20 hrs ago #2
Check into the BRICS Jack Bone 20 hrs ago #3

Doodley

(10,661 posts)
1. The aim is to replace the dollar with crypto and Trumps oligarchs will make more money than we can imagine.
Thu Apr 3, 2025, 03:29 AM
20 hrs ago

no_hypocrisy

(50,949 posts)
2. What do they expect to do when there are countries and businesses that tell
Thu Apr 3, 2025, 03:57 AM
20 hrs ago

TSF "We don't accept Bitcoin"? Like "We don't accept bottle tops and cereal box tops"?

Countries will make another currency the prime vehicle like the Chinese Yuan.

Jack Bone

(2,040 posts)
3. Check into the BRICS
Thu Apr 3, 2025, 04:13 AM
20 hrs ago

I’ve been keeping it in the back of my head since I saw a story on it on FreeSpeechTV.

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