While no longer the leader of the Democratic Party, mountaineer Clinton's comments on crypto may have the potential to form a lot of tendency among lawmakers regulation digital assets.
As the perceived legitimacy of blockchain technology will increase, politicians within the united states have shown a growing interest in turning this non-partisan technology into a subject of political divisiveness.
Speaking via video to an audience of the Bloomberg New Economy Forum in Singapore on weekday, former presidential candidate Hillary Clinton same whereas cryptocurrencies were an “interesting” technology, they additionally had the ability to undermine the U.S. dollar and destabilize nations — “perhaps beginning with tiny ones however going abundant larger.” whereas not the leader of the party, Clinton’s sentiment on crypto resembles that of high Democrat and legislator Elizabeth Warren, who has typically criticized the crypto market throughout committee hearings.
Clinton’s comments came whereas discussing Russian President Vladimir Putin, whom she defendant of being behind a misinformation and cyberwarfare campaign — ostensibly additionally pertaining to ransomware attacks and a few of the crypto payments related to them. whereas the previous presidential candidate’s intentions square measure unknown, a outstanding Democratic voice like Clinton’s any connecting Russia to a ostensibly nonpolitical monetary tool like crypto might have the potential to try and do injury among U.S. lawmakers attempting to enact policy on each side of the aisle.
Party politics within the u. s. are, at times, funny factious. for instance, several Republican voters destroyed their own property — Nike shoes and Keurig production machines, to call many — when lawmakers spoke out against former NFL quarterback Colin Kaepernick taking a knee throughout the U.S. anthem. the whole discussion encompassing masks and vaccines within the U.S. is commonly framed not as a scientific matter, however one in all “freedom,” mostly stoked by social media posts and statements from conservative mouthpieces.
Former President Bill Clinton spoke at Ripple’s Swell conference in 2018, expression that the "permutations and possibilities" of blockchain were "staggeringly great," however he had been out of workplace for roughly 17 years once he created those statements. once a a lot of current Democratic figure like Hillary Clinton speaks out against crypto, may it have an effect on however the problem is handled by lawmakers in workplace now?
(Turner Wright, Cointelegraph, 2021)