TL;DR Breakdown
- Hillary Clinton says crypto is a threat to dollar and could destabilize nations.
- Clinton’s position on crypto aligns with Donald Trump and Joe Biden.
- How US is threatened by cryptocurrencies.
Hillary Clinton, a diplomat and wife of ex-American president, Bill Clinton has dropped disparaging comments about cryptocurrencies as she said the digital asset have the potential to undermine the US Dollar.
The former US presidential candidate said that if crypto lands in the wrong hands, it could destabilize nations. Hillary Clinton said this on Friday during a panel discussion at the Bloomberg New Economy Forum in Singapore.
Her comments come in the wake of controversial crypto tax reporting requirement that was part of the $1 trillion bipartisan infrastructure bill signed into law by US President Joe Biden on Monday.
“What looks like a very interesting and exotic effort…has the potential for undermining currencies, for undermining the role of the dollars as reserve…