Former presidential candidate Hillary Clinton has called on
the Biden administration to regulate the 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 Stresses the Importance of Crypto Regulation
Hillary Clinton, former Democratic presidential candidate, talked
about cryptocurrency Tuesday in an interview with MSNBC. She elaborated
on her crypto statement last week and warned that the technology may be
manipulated by countries like China and Russia to undermine 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:
We are looking at not only states, such as China or
Russia or others, manipulating technology of all kinds to their
advantage, we are looking at nonstate actors, either in concert with
states or on their own, destabilizing countries, destabilizing the
dollar as the reserve currency.
Clinton opined:
There are so many big questions that the Biden administration must address.
“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.”
source link : https://news.bitcoin.com/hillary-clinton-biden-administration-regulate-cryptocurrency-manipulation-russia-china/
