The United States housing agency considers the encryption of encryption

The development of the Udge of the Uranus and the urban development is considered a first step to use the CYPTOCRENY, according to a meeting and other methods and three proficiency with the matter. Two officers said that the Probubies believe that the initiative can be a test proof for the use of crypt by the federal government.

The discussions spared with some to the department, inside, especially the prospect of the recipients of majamal assets and deed to the dramatic value and trammatical.

The focus of the discussions until you were experiencing with the technology use under the Grethoi can – blockchain – for monitor Hudrs. Blockchain Discussion that supports that technology is precious for yourself for such goals. But the primary use of Blockchain, as a experts, is of crypto transactions.

“It’s just introducing an inegulated security in the accommodation market like for when 2009 is not happening,” A HUD Staffer said, please refer to the mortgage crisis. “I don’t see this way this will help you a lot of ways that could cause”, who said official, as others in this article, talk to the condition of anonymity for Feeding. HUD discussions covered potentiin’s potential use, a form of encryption that is punched to another active to avoid wildboards in value, even such as nasks.

Blockchain idea is pushed, an official HUD officer said colleagues, for Dennis of irverse. Dennis, the new main officer, is a financial partner of the agency in the giant giant giant’s econch, although commonly by its original name, ernst & Young. Your self is involved in the proposal even: A company executive has discussed the idea with HUD officials last month.

Crypto industry found a ally in the Chairman Donald Trump, which administration has touched industryBoosters to the federal agencies of driving, sustained Investigations in encrypted business and create a “Reserve Bitcoin Strategic“(Bitcoin enriched $ 5,000 in an hour of the opening’s news of reserve on Thursday.) Trump itself has Significant financial interests in encryption. The worshiping, white house is planned to the welcome a “summit Greypto” with the main figures from industry.

The proposal to HUD indicates a new way that administration can search the industry blockchain and possibly federal agencies practice and practices. It’s a move that align the apparent desire of TROB CONSIGLER SLON MUSON MUSON TO USE BLOCKCHAIN ​​TO MONORITY FEDERAL SPOCIAL.

Dennis and HUD SPOKESPERSON KASEY Lovttt be denied the accounts of their colleagues. “The department doesn’t have blockchain or stableco,” Lovett said. “Education is not implementation.”

Robert Judson, the captoryness involved in conversations, confirmed that they are taken. “We have a detort would have had discussions with individuals to select in that agency”, he said when you reach for phone. Judson said to the Propubriver you look for Eyk’s approval for a full interview, then did not call.

The White House, Ey and Musk did not respond to the comment questions.

HUD officials held at least two meetings on the blockchain proposal last month. A list of participants in the first meeting included staffs from the CFO offices and schedule and development of the community. CPD administrations of dollars in the fare and moderate income feeding, relaxes the survivors of domestic violence, the parks that asked the meeting, a person told the proof.

List even as a meeting assistance was judge by Ey. For years Judson warned for Bockchain, a digital lusk of sorts that creates a recall of transactions that have settled through with many computer. The technology boosters made as a way of cutting and credit card companies and your financial card companies and make these transactions more transactions and safe. Judson wrote May the Blockchain can help the organization prevent money from being siphoned for useless purposes. “Like the digital assets as the stable coins or digital coins take, more powerful, emerge for an integrated value exchange”, wrote. Dennis, who has served as HUD CFO in the first Trump administration wrote, in a book 2021, that one’s agency?

The stablecoine are supported by the reserves including the traditional currency, tests and test tissue. That is supposed to be the value – different from that of, say, bitcoin – does not fluctuate. However, on many occasions of high profileThe value of stablecoins just made this.

At the Hud meeting, the assistants discussed “conception of the end of a codder and possible a need for the project has been” no articulate, after writing to the meeting.

After meeting, a HUD officer wrote and circulate a memo in the agency of the panning the idea. “Be exaggeration, any imaginable implementation of this to HUD to appear dangerous and ineffective”, the Memor Leads.

HUD has no difficulties for granting trail, context, what does the new unusual technology do. Incorporate it would be the time-consumption, complicated and requires extensive training. And, if project involved in paying first running instead of dollars, inject the volatility and unpredictability was a steady funding, also is

In successful discussion with the Author of Hud described the proposal as the “Beachhead” in HUD for the introduction of Cryptocirency, who was talking to the author. “

CPD officials continued to climb the concerns in a follow-up meeting, a registration of who has been reviewed by the Propublic. (Judson did not attend this one.) Some attendance in the bockchain ID, suggestions may reduce the inaccurate data and real-time supervision.

“Maybe there’s something you could learn from it,” I said, “inspected,” especially if you federal blover is in show of some steadcoin order in the future. ‘

An officer asked why the agency considered the project. “Because it’s sexy”, someone replied. Another said: “IRV asked to pursue the blocks, so we’ll keep it,” refers to Dennis.

Many Details have been left without meeting the meeting, including, culvuls, be the proposal involves whenever grids in Cryptocrency. But some pointed out to be.

“You can do with what you would have attached to a steady currency. It would be till the treasure, and I think they are already, for what’s worth,” an officer said. “Be simulating the dollar.”

Another addition, “It would be in realization of CryptocrerenEncly that is linked to US dollar on a base of a per-one.”

A financial officer suggested the idea could be applied wider through HUD. “We’re looking at this for the entire business. We just want to start in CPD,” he said. Agency is also considering the idea of ​​the office of public accommodation, because “to” accomplishment is as the millions of people who live in public and federally subsidated housing.

It’s not the first time Federal offers considered incorporating the block at government work. Agencies including the Three Department of Trade Department and also of the Huttu has been involved in a study, a puppet and work group in the past few years. But those who show crypto industry were not aware of the technology application in the federal government as what occupies the HUD’s office has discussed.

Some encrypted experts were doubts. “It is a terrible island”, he said Cory Reeyer and the US Exchange Cum, that the exchange commission, where he conclosed in the Markets and financial stability. “It is absolutely wild that someone with every command considering this.”

Frayler, now at the Consumer’s Federation of America, Noticed that HUD grants are pays in stablecoin could go down in value. It is expressed the greatest concern for notion that the proposal could expand other parts of the agency. If including, for example, introducing stable in the $ 1.3 trillion In mortgage insurance provided by the federal housing administration, a fluctuation in the steady steady value could have a major impact, he said.

“Imagine a world all over the world command in the housing industry, circle that environment, abandoned the value of 2023 in care of a stablecin fell 13 cents below the dollar. “It’s hard to imagine that wouldn’t be catastrophic.”

Hilary Allen, a American Professor to the American University you are looking for the financial regulation, noticed that certain tall attempts to use the blockchain for the goals did not collect. She expresses the skepticism that is detached to the government’s life’s context, so are the government results, where the bad result could give you the hud financially to narrow.

“Blockchain technology was around 15. No one wants to use. And so we have a force of the government of using the government, and people more vulnerable” as Cobe Pigs. “