Former presidential candidate Hillary Clinton called on the Biden administration to regulate the cryptocurrency markets. She warned that countries like Russia or China, as well as non-state 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 Highlights Importance of Crypto Regulation
Former Democratic presidential candidate Hillary Clinton spoke about cryptocurrency in an interview with MSNBC on Tuesday. She detailed her crypto statement last week and warned that the technology could 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 is on the horizon that people are only starting to pay attention.”
“Imagine the combination of social networks, the algorithms that drive social networks, the accumulation of even larger sums of money thanks to the control of certain cryptocurrency chains,” said the former presidential candidate, stressing :
We don’t just watch states, like China or Russia or others, manipulating technologies of all kinds to their advantage, we watch non-state actors, either in concert with states or on their own, destabilizing countries, destabilizing the dollar as a reserve currency.
Clinton was of the opinion:
There are so many big questions the Biden administration needs to answer.
“I just don’t think we have a lot of time and therefore I hope from everything I hear from them that this is exactly what they are going to try to do,” a- she continued.
The former secretary of state added: “We certainly need new rules for the information age, because our current laws, our framework, just are not suited to 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 to undermine currencies, undermine the dollar’s role as a currency. reserve, to destabilize nations. , maybe starting with the small ones but going much bigger.
How do you feel about Hillary Clinton calling on the Biden administration to regulate the crypto markets? Let us know in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, nor a recommendation or endorsement of any product, service or business. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, good or service mentioned in this article.