Hillary Clinton was a former presidential candidate and called for the Biden government to regulate cryptocurrency markets. She warned that countries like Russia or China, as well as nonstate actors, could manipulate all kinds of technology to their advantage and destabilize countries as well as the dollar as the world’s reserve currency.
Hillary Clinton emphasizes the need for crypto regulation
In an interview Tuesday with MSNBC, Hillary Clinton discussed cryptocurrency. Last week, Hillary Clinton spoke out about crypto and said that Russia and China may manipulate it to weaken the United States.
She stressed “the need to regulate the cryptocurrency markets,” noting that “it’s on the horizon that people are only beginning to pay attention to.”
“Imagine the combination of social media, the algorithms that drive social media, the amassing of even larger sums of money through the control of certain cryptocurrency chains,” the former presidential candidate said, emphasizing:
This is not just about states such as Russia and China manipulating technology for their benefit, but we also consider nonstate actors. These include states acting in concert with other states as well as individuals destabilizing foreign countries or destabilizing USD as the reserve currency.
The Biden administration has to address so many important questions.
“I just don’t think we have much time, and, therefore, I hope from everything I’m hearing from them that that’s exactly what they’re going to try to do,” she continued.
The former secretary of state further noted: “We certainly need new rules for the information age, because our current laws, our framework, it is just not adequate for what we are facing.”
Last week, Clinton said: “What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations, perhaps starting with small ones but going much larger.”
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