Former US Secretary of State claims digital assets can destabilize global markets and states
Former 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.
"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.