Hillary Clinton asserts on strict need to regulate the cryptocurrency market
Former US states secretary pointed out the need for high regulation on social media and crypto initiative technology that are trying to destabilize the economy.
In the last week, Hillary Clinton- past influential US democratic nominee and former Secretary of States- shared her stance on crypto from time to time on different occasions.
On 24 November, Hillary appeared in an interview with MSNBC TV news host Rachel Maddow. In speaking on MSNBC TV, Hilary asserted the risks associated with the lack of regulation on technology, social media, and crypto inclined technology.
In the very beginning, Hilary said that all the extended technologies which are trying to destabilize or influence negatively the US dollar should be regulated and restricted. This way, we can control the threats on the US dollar easily.
She added:
“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.”
Further, she took the reference of a past incident about the involvement of social media with the US presidential elections because of the impact of other non-US states. She pointed out that such social media and technology may impact the US badly.
“Imagine the combination of social media, the amassing of even larger sums of money through the control of certain cryptocurrency chains,”
According to Hilary, the US needed to handle the manipulation of the advanced technology in their way, otherwise, not only Russian or China will manipulate it or take advantage but also other countries will do.
“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.”
It is worth noting, Clinton mainly targeted social media and cryptocurrency. And this is somewhat trying to target Twitter‘s integration of social media with blockchain technology. However, she didn’t use the name of any particular social media platform but still, her statements were targeting Facebook in the Presidential election of the US.
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