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US Housing Department Considers Crypto and Blockchain for Housing Sector: Report

  • The U.S. Department of Housing and Urban Development (HUD) is considering blockchain and cryptocurrency for tracking federal housing grants, but fears mismanagement could destabilize housing funds.
  • HUD denies official plans for implementing blockchain or stablecoin adoption, stating that education is not implementation.
  • Discussions have taken place within HUD about using blockchain to improve transparency and efficiency, while critics argue it could introduce unregulated securities into the housing market.
  • The Trump administration's crypto-friendly stance and HUD's engagement with consulting firm Ernst & Young suggest possible integration of cryptocurrency into government operations.

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