Former secretary of state Hillary Clinton has called for increased regulation of crypto markets in an interview with MSNBC.
Clinton cited the combination of social media algorithms and the amassing of large sums of money through the control of cryptocurrencies, as a potential issue for the status of the U.S. dollar. She then called on the Biden administration to regulate the market.
“We’re not only looking at states like Russia or China, but we’re also looking at non-state actors destabilizing states [and] destabilizing the dollar as the reserve currency,” she said. “There are so many big questions that the Biden administration must address.”
This interview echoes comments Clinton made last week. The former Democratic presidential candidate told the Bloomberg New Economy Forum in Singapore that she believes it has the power to destabilise nations of any size.