Hillary Clinton says China and Russia are manipulating cryptocurrencies
Former Secretary of State Hillary Clinton has warned that the United States must act to regulate cryptocurrencies in the face of “handling” by state and non-state actors of these assets and other technologies to destabilize the dollar.
In an interview with MSNBC TV presenter Rachel Maddow, Clinton made her comments amid widespread conversation about states like China and Russia being “handling technology,” including social media, tech platforms and cryptocurrencies.
Clinton drew attention to the “need to regulate cryptocurrency markets”, highlighting “the combination of social networks, the algorithms that drive social networks, the accumulation of even greater amounts of money through the control of specific cryptocurrency blockchains” .
“We are looking at not just states like China or Russia that are manipulating technology of all kinds to their advantage. We are analyzing non-state agents, whether in conjunction with states or alone, who are destabilizing countries, destabilizing the dollar as the reserve currency,” she added.
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This is not the first time Clinton has warned of national security threats posed by cryptocurrencies.
Last week, Clinton had claimed that cryptocurrencies could hurt the US dollar, warning that, “in the wrong hands or in alliance with the wrong people,” crypto could be a direct threat to nation states and global markets.
Amid the latest warning, Clinton has put pressure on the Biden administration to take action.
“There are so many big issues the Biden administration must address. I just don’t think we have a lot of time,” she explained.