Former US Secretary of State claims digital assets can destabilize global markets and statesFormer Secretary of State and former Democratic presidential candidate Hillary Clinton said on the Bloomberg New Economy forum that cryptocurrencies pose a threat to the US dollar.
This was announced on Twitter by New York Times journalist Ben Smith. According to Clinton, digital assets can destabilize global currency markets and states.
Hillary Clinton, at Bloomberg's #NewEconomyForum, issues a warning on cryptocurrency: "what looks like a very interesting and exotic effort … has the potential for undermining currencies, for undermining the role of the dollars as reserve currencies, for destabilizing nations"
— Ben Smith (@benyt) November 19, 2021
“What looks very interesting and exotic … could undermine currencies, undermine the dollar’s role as a reserve currency and destabilize countries,” Smith quoted the former US secretary of state as saying.
The head of the Binance crypto exchange, Changpeng Zhao, agreed with Clinton’s views on the potential threat, but clarified that digital assets are not a threat that needs to be attacked.
According to Zhao, there is no point in fighting cryptocurrencies as it is a new technical innovation that needs to be adopted.
Hillary Clinton Calls Cryptocurrencies A Threat To Countries And The US Dollar
