Hillary Clinton Calls on Biden Administration to Regulate Cryptocurrency — Warns of Manipulation by Russia, China – Regulation Bitcoin Information
Former presidential candidate Hillary Clinton has called on the Biden administration to regulate cryptocurrency markets. She warned that countries like Russia or China, as well as non-state actors, could manipulate all kinds of technologies to their advantage and destabilize countries and the dollar as a world reserve currency.
Hillary Clinton emphasizes the importance of crypto regulation
Hillary Clinton, former Democratic presidential candidate, spoke about cryptocurrency in an interview with MSNBC on Tuesday. She carried out her crypto statement last week, warning that the technology could be tampered with by countries like China and Russia to undermine the United States.
Emphasizing “the need to regulate cryptocurrency markets,” she noted that “it is on the horizon that what people are just beginning to pay attention to”.
“Imagine the combination of social media, the algorithms that drive social media, the accumulation of even larger sums of money through the control of certain cryptocurrency chains,” said the former presidential candidate, emphasizing:
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 in agreement with states or alone, who destabilize countries, the dollar as the reserve currency.
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’re trying to do,” she continued.
The former foreign minister further stated: “We certainly need new rules for the information age, because our current laws, our framework, are simply not sufficient for what lies ahead.”
Last week, Clinton said, “What looks like a very interesting and somewhat exotic attempt to literally mine new coins in order to trade them has the potential to undermine currencies, undermine the dollar’s role as a reserve currency, destabilize nations, maybe start with small, but grow much bigger. “
What do you think of Hillary Clinton asking the Biden administration to regulate the crypto markets? Let us know in the comment section below.
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