The cryptocurrency market has gotten a lot of attention over the last few months. Everyone is eager to find out what comes next, and Hillary Clinton is no exception. The former presidential candidate has recently called on Biden’s administration to regulate the crypto markets.
Clinton Warns About China and Russia
Clinton sees China and Russia as the latest threats to the industry. According to her, these countries can manipulate the markets and all sorts of technology to destabilize the Dollar as the world’s reserve currency.
Additionally, Clinton emphasized that not only China or Russia might go against the Dollar. She also claims that other non-state actors can destabilize the currency and undermine the US. This could result in severe issues in the US economy, which is already dealing with inflation.
She doesn’t believe there’s much time left and invites Biden’s administration to address the crucial questions.
Clinton believes the US needs new laws and regulations to prepare the country for the latest developments in the information age. Unfortunately, the current laws just aren’t enough, especially when it comes to investing in Bitcoin and other cryptocurrencies.
She also believes that mining new currencies can affect the state of the Dollar. Mining also has the potential to undermine currencies, including the US national currency, and destabilize nations across the globe.