Hillary Clinton calls on the Biden administration to regulate cryptocurrencies — Russia and China’s manipulation warnings — regulation of Bitcoin news

Former presidential candidate Hillary Clinton called on the Biden administration to regulate the cryptocurrency market. She warned that countries like Russia or China, as well as non-state actors, may use various technologies for their own benefit and undermine the stability of countries and the US dollar as the world’s reserve currency.

Hillary Clinton emphasizes the importance of crypto regulation

Former Democratic presidential candidate Hillary Clinton talked about cryptocurrency in an interview with MSNBC on Tuesday. She elaborated on her encryption statement last week and warned that the technology could be manipulated by countries such as China and Russia to undermine the United States.

She emphasized the “need to regulate the cryptocurrency market” and pointed out that “people are just beginning to pay attention to this.”

“Imagine the combination of social media, the algorithms that drive social media, and accumulate larger funds by controlling certain cryptocurrency chains,” the former presidential candidate said, emphasizing:

We are not only concerned about China, Russia or other countries using various technologies for their own benefit, we are also concerned about non-state actors, whether cooperating with the country or acting alone, destabilizing the country and destabilizing the dollar as a reserve currency.

Clinton believed:

The Biden administration must resolve many major issues.

“I just don’t think we have too much time, so I hope that from everything I hear from them, this is exactly what they are going to try to do,” she continued.

The former Secretary of State further pointed out: “Of course we need new rules in the information age, because our current laws and frameworks are not sufficient to deal with the situation we face.”

Last week, Clinton Said“A very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential to undermine the currency, undermine the role of the U.S. dollar as a reserve currency, and undermine the stability of the country, perhaps starting on a small scale, but to Much bigger.”

What do you think of Hillary Clinton’s call for the Biden government to regulate the crypto market? Please let us know in the comments section below.

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