Summary
Donald Trump’s potential loosening of cryptocurrency regulations as president could benefit extremist groups like neo-Nazis and terrorists who use crypto for anonymous fundraising.
Far-right groups, such as the Base, already solicit Bitcoin and Monero for training and supplies, exploiting crypto’s anonymity to evade financial scrutiny.
While Biden’s administration has cracked down on crypto over national security concerns, Trump’s pro-crypto policies and appointments could accelerate extremist financing.
Analysts warn that weak private sector oversight and a lack of regulatory enforcement enable such activities, raising concerns about future abuse of cryptocurrencies.
Yes, this is true and a more nuanced argument than the person I was responding to deserved. We’re all susceptible to propaganda and it can absolutely happen here. However fascists leverage good will to normalize hate and fear.
The only thing that we cannot tolerate is intolerance.