Articles for tag: Blockchain, Cryptocurrency, financial crisis, financial regulation, housing sector, HUD, Lawmakers

April 2, 2025

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 ...

March 8, 2025

Market News

Crypto

HUD Explores Blockchain and Stablecoin Initiatives in Groundbreaking Crypto Experiment to Enhance Housing Assistance Programs

The U.S. Department of Housing and Urban Development (HUD) is exploring the use of cryptocurrency, potentially as a trial for federal applications, according to recent discussions reviewed by ProPublica. Some officials express concerns about paying federal grant recipients in cryptocurrency, citing its association with financial instability and crime. The focus has shifted towards using blockchain ...