Reps Demand HUD to Stop Cryptocurrency Experiments Amid Concerns Over Risks and Regulations – ProPublica Analysis
Three U.S. lawmakers are urging the Department of Housing and Urban Development (HUD) to halt any plans involving cryptocurrency and blockchain technology. They express concerns that these poorly regulated technologies could harm the housing sector, recalling the 2008 financial crisis that was partly caused by risky financial assets. In a letter to HUD Secretary Scott ...
