Flashback: Hillary Clinton HATES Crypto

July 5, 2022 4:41 pm

Here at Procoinnews, we try to stay apolitical but regardless of what side of the political fence you are on it’s always good to know where politicians stand on cryptocurrency.

A politician that has shown time and time again that she wants nothing to do with cryptocurrency is Hillary Clinton.

The former Secretary of State has gone on record numerous times stating that she believes the rise of cryptocurrencies could result in the demise of the U.S. dollar’s reserve currency status.

Last year Clinton was quoted saying “what looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations, perhaps starting with small ones but going much larger”.

This year Clinton would even call for crypto exchanges to ban all Russians from using their platforms.

Forbes had more details to add:

Hillary Clinton, the former U.S. presidential hopeful and secretary of state under president Barack Obama, has warned the rise of bitcoin and cryptocurrencies could undermine the U.S. dollar’s reserve currency status.

“What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations, perhaps starting with small ones but going much larger,” Clinton said, speaking during a panel discussion at the Bloomberg New Economy Forum in Singapore, and adding she hopes “nation-states start paying greater attention to is the rise of cryptocurrency.”

Clinton, whose 2016 presidental campaign was marred by hacks, also criticized Russia’s president Vladimir Putin, accusing him of deploying “a very large stable of hackers and those who deal in disinformation and cyberwarfare.”

Recent data from Chainalysis has revealed North America is the world’s biggest victim of crypto-based ransomware attacks, with those hit by hackers paying out $131 million in cryptocurrency to criminals over a 12 month period. Most of the attacks were found to be from Russia-based gangs.

Summit News got the scoop too:

Hillary Clinton said she was “disappointed” that cryptocurrency exchanges weren’t blanket banning all Russians, complaining that this was likely due to their “philosophy of libertarianism or whatever.” Clinton made the comments during an appearance on Rachel Maddow’s MSNBC show.

“Everybody should ratchet up the pressure,” said Clinton. “I was disappointed to see that some of the so-called crypto exchanges, not all of them but some of them, are refusing to end transactions with Russia – you know, from some I don’t know, philosophy of libertarianism or whatever.”

Although large exchanges have so far refused to place a blanket ban on Russians, they are taking action against Russian politicians and oligarchs.

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