Why Bitcoin values are disclosed through US election candidates. But it’s not the first time

According to Kushner, he reported the incident to the Secret Service, who asked him to forget the email. The on-screen call “Guccifer400” was used as an obvious reference to “Guccifer 2. 0”, supposedly a facade for the GRU, the intelligence directorate of the Russian army.

CNN reported in an article titled “How Mueller Used Bitcoin to Catch Russia” how the cryptocurrency was used in almost every step of its online efforts to interfere in the 2016 US presidential election. According to special counsel Robert Mueller’s final report on his research, the Russians perceived how un nameless cryptocurrencies were offered. Indeed, as Mueller makes transparent in an accusation by GRU, those Russian army agents have departed from the classical monetary system, it was not enough to evade their investigation.

Blockchain generation records the history of all cryptocurrency transactions and in the case of Bitcoin, it is a public registry where users have “pseudonymous” protections. In particular, if cryptocurrency exchanges are used to transact with Bitcoin, identifying the user with that exchange can help law enforcement identify who is involved in transactions.

As we are about to vote on the eve of tomorrow’s election, no public policy has been presented to address the potential vulnerability of those who own Bitcoin, as bitcoin expansion causes normal Americans to own or trade the currency for the first time. Over time, high-level politicians who hold or settle for Bitcoin may have become the target of any interference Russia might attempt to interact with in this election.

It would therefore be prudent for the electoral and non-public assets of Bitcoin and other cryptocurrencies to be disclosed to election officials to protect our democracy against foreign influence. While it is not yet transparent what 2020 will later reveal in relation to the role of cryptocurrencies in this existing election, the new progression of this emerging generation in which Bitcoin is asked to avoid disclosing sensitive data, or worse, to which politicians could spend Bitcoin in such cases. Array is an issue that the United States deserves to pay particular attention to in the coming months and in the run-up to the election.

The good news is that with blockchain technology, many of those cryptocurrencies can be tracked and this would possibly be the answer and long-term for the financial ref0rm of the crusade. However, as a precaution opposed to what was noted in the 2016 presidential election, also potentially Due to Kushner’s wisdom on Bitcoin ownership, there deserves at least a congressional examination bill to help determine the effect of cryptocurrencies on our elections and whether there is a greater threat to cryptocurrency applicants suffering foreign interference.

I’m a former U. S. regulator. But it’s not the first time With the FDIC, compliance reviewer for the Making Home Affordable (HAMP) program with the Treasury, and I’ve been in bitcoin and

I am a former US FDIC regulator, Treasury’s Making Home Affordable (HAMP) Program Compliance Examiner, and have been active in bitcoin and blockchain since 2016. I have worked in the FDIC Department of Finance and Markets Financiers during the 2008-2009 global financial crisis running on qualitative and quantitative issues covering IndyMac Bank, Washington Mutual, Wachovia, Lehman Brothers, AIG, Citigroup, Merrill Lynch, and Bank of America. Supported IndyMac Bank’s FDIC board of directors with deposit analysis, researched and explained artificial secured debt obligations, credit default swaps, compiled the exposure of net notional derivatives in the monetary formula, and analyzed the new Federal Reserve formulas for stabilize the economy. interested in the importance of accepting as true in the monetary formula and how the United States government handles the concept of accepting as true. With the advent of the bitcoin and blockchain generation through a colleague in 2016, I entered the blockchain industry, first with the Digital Chamber of Commerce as a director of operations for policy, then as a political ambassador for ConsenSys. Lately I am the founding CEO and president of a new non-profit organization called Value Technology Foundation, with the aim of exclusively conducting educational and charitable activities related to virtual assets, blockchain, distributed ledger technologies and other technologies. of “value” applicable to the public welfare and economic benefits of the citizens of the United States. I graduated from Cornell University in Government (BA, 1997) and Kogod School of Business (MBA, 2009).

Leave a Comment

Your email address will not be published. Required fields are marked *