U.S. Housing Agency Considers Launching Crypto Experiment
U.S. Housing Agency Considers Launching Crypto Experiment

www.propublica.org
U.S. Housing Agency Considers Launching Crypto Experiment

introducing speculative assets into the housing market has caused some problems before.
it's for corrupt purposes, of course:
The blockchain idea is being pushed, a HUD official told colleagues, by Irving Dennis. Dennis, the agency’s new principal deputy chief financial officer, is a former partner at the global consulting giant EY, also commonly known by its original name, Ernst & Young. EY itself is involved in the proposal as well: An executive of the firm discussed the idea with HUD officials last month.
a followup story: https://www.propublica.org/article/hud-cryptocurrency-blockchain-democrats-maxine-waters