Trump to exploit residual USAID as vehicle for crypto, blockchain [View all]

What could possibly go wrong?

https://www.techtimes.com/articles/309752/20250324/trump-reportedly-rename-usaid-involve-crypto-blockchain-technology-its-operations.htm

According to an internal memo, President Donald J. Trump wants the United States Agency for International Development (USAID) to be rebranded as US International Humanitarian Assistance (IHA). Alongside this, the president is also intending for this to be under the control of the country's secretary of state, Marco Rubio, as part of its current reorganization campaign.

Apart from the name change, POTUS also reportedly wants cryptocurrency and blockchain technology to feature heavily in its operations.

Politico reported that, according to the memo seen by State Department staff, the use of blockchain technology will facilitate secure and trackable transactions for the international humanitarian assistance that the USA will be providing to its global allies.

The memo did not indicate the exact plans are that the administration has for the blockchain technology it will use. The report speculates, however, the report speculated that it would involve the use of cryptocurrencies and stablecoins for transactions.
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President Trump made it clear during his campaign that he will transform the United States as the "crypto capital" of the world, and his focus would be on the blockchain industry to deliver a new future for the country. Alongside this, he also claimed that he will prioritize Bitcoin and make it a global superpower."...(more)