Former Secretary of State Hillary Clinton said in an interview with MSNBC that she wants stronger regulation of cryptocurrency markets
Crypto a potential issue for status of the U.S. dollar?
Hillary Clinton, former Democratic presidential candidate, spoke about cryptocurrencies in an interview with MSNBC on Tuesday. Clinton warned that countries like China and Russia could manipulate the technology 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.” The former presidential candidate believes that algorithms on social media and the accumulation of large sums of money through the control of cryptocurrencies could be a potential problem for the status of the U.S. dollar.
She explained this view by stating “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,” and called on the Biden administration to regulate the market stating that “There are so many big questions that the Biden administration must address”
Not the first time Hillary Clinton has talked about crypto
This interview is reminiscent of comments Clinton made last week. The former Democratic presidential candidate said at the Bloomberg New Economy Forum in Singapore “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.”