Hillary Clinton Warns Against Possible Manipulation of Crypto Market By Russia and China

News
Reading Time: < 1 minute

Joe Biden’s administration needs to strengthen the regulation of cryptocurrencies in the face of manipulation by individual states and non-governmental players, which will destabilize the dollar. Former Secretary of State and presidential candidate Hillary Clinton has stated this in an interview with US channel MSNBC.

She has explained:

“We monitor the actions of not only Russia or China, but also non-state structures. The latter, either on their own or together with the authorities, undermine the dollar’s status as a reserve currency. There are many big questions to be answered.”

Hillary Clinton has pointed to a combination of “social media, algorithms to manage their sentiments and large sums of money that control certain cryptocurrencies.”

The interview could be considered a continuation of Clinton’s previous speech, during which she called cryptos a threat to the dollar and the stability of individual countries.

The Fed, FDIC and OCC as part of the US Treasury are working on a crypto crypto that is expected to be released in 2022.

If you like our content and want to support us, please follow us on Twitter, Facebook and Instagram and don’t miss the latest news!