New Yorkers receive $12K worth of this obscure asset, no strings attached. Supporters, critics clash over ‘basic income’

Kelsey clarified that “we are not encouraging individuals to invest in risky assets,” adding that the onboarding process included warnings about the downsides of investing in other cryptocurrencies.“If this is being funded in crypto there are some strings attached,” Allen told Bloomberg. “Stablecoins are less volatile than Bitcoin, but I would say that giving money in this way is very much designed to make it easier to take that money to bet on Bitcoin, because it's going to be sitting as crypto in a crypto ...