Hillary Clinton Calls on Biden Administration To Implement US Crypto Laws
Former Secretary of State Hillary Clinton calls on the Biden administration to adopt a sensible regulatory framework for crypto.
In a recent interview with Rachel Maddow of MSNBC, Clinton says that the information age requires new rules to meet the needs of the time.
“Our current laws, our framework, are simply not adequate for what is ahead, and there are a number of very good ideas on how to apply existing laws as well as fill in existing gaps …
We have to start with how we create a framework. We should work with our friends in Europe, who are also dealing with many of these questions, to find sensible solutions that correspond to regulation in the information age. “
At a Bloomberg panel last week, Clinton called that crypto has the potential to negatively affect the US dollar and jeopardize the stability of small and large nations.
The 2016 Democratic presidential candidate now says implementing crypto regulation is a possible solution.
“I want to mention one other thing that is looming on the horizon that people are just starting to pay attention to and that is the need to regulate the cryptocurrency markets, because imagine the combination of social media, the algorithms, the social media fuel the accumulation of even “larger sums of money” by controlling certain cryptocurrency chains.
We don’t just look at states like China or Russia or others that manipulate technologies of all kinds to their advantage. We look at non-state actors, either jointly with states or in their own destabilizing countries, who are destabilizing the dollar as a reserve currency. “
Clinton urges the White House to take action.
“There are so many big questions for the Biden government to ask.
I just don’t think we have much time, so I hope from everything I hear from you that that’s exactly what you will try. “
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