Former presidential candidate Hilary Clinton has warned of the dangers of allowing new technologies, including cryptocurrencies, to go on unregulated.
In an interview with MSNBC TV, Hilary Clinton contended that crypto markets needed regulation in order to prevent manipulation from nations such as Russia, and China.
“There’s one other thing that’s on the horizon, which people are only beginning to pay attention to, and that’s the need to regulate the cryptocurrency market. Imagine the combination of social media, the amassing of even larger sums of money through the control of certain cryptocurrency chains"
“We’re looking at not only states such as China or Russia manipulating technology of all kinds to their advantage. We’re looking at non-state actors, either in concert with states or on their own, destabilizing countries, destabilizing the dollar as the reserve currency”
Clinton’s political views on cryptocurrency were made clear prior to the most recent interview with MSNBC. Last week she brought up her concerns with cryptocurrencies, noting via video at the Bloomberg New Economy Forum in Singapore that they had the power to undermine the U.S. dollar and destabilize nations.
Clinton also accused Vladamir Putin of being behind a cyberwarfare campaign, adding “With his oligarchic coterie, [Putin] has utilized many non-state actors to personal as well as nationalistic goals, and I think that’s going to become a greater and greater threat”.
Clinton has added her voice to the growing number of prominent figures who believe that crypto needs greater regulation. The calls by Clinton to the Biden administration echo others by politicians and industry leaders who are keen to see the crypto industry regulated.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.