A federal bitcoin reserve.

[briankrebs@infosec.exchange]

A federal bitcoin reserve. What a colossally stupid idea. I mean it would be great for people with lots of cryptocurrency. But it's basically an invitation to embroil money backed by taxpayers in all kinds of new scams. Also, there is probably not enough crypto out there to do this that isn't already tainted with some crime.

We have a national stockpile of crypto; also known the billions we've already seized from crypto scammers.

https://www.washingtonpost.com/business/2024/11/27/trump-strategic-bitcoin-reserve-plan/

[bughuntercat@infosec.exchange]

@briankrebs No government wants to miss out on the business and opportunity to launder money "legally."

[riley@toot.cat]

@briankrebs "It's not a scam when the president does it!"

</nixon>

[nonya_bidniss@infosec.exchange]

@briankrebs This is frightening.

[h2onolan@infosec.exchange]

@briankrebs Bag holder of Last Resort TM

[tasket@infosec.exchange]

@briankrebs And at the same time Musk (a bitcoin promoter) is calling to disband the US Consumer Protection Bureau.

[jesstheunstill@infosec.exchange]

@briankrebs I can't even imagine the amount of security they would need to have around those wallets...