Former U.S. presidential candidate Hillary Clinton made an address to President Biden’s administration about the need to regulate cryptocurrency. The U.S. politician believes that the world has must do everything in its power to isolate Russian economic activity, as the pressure could have a sizable impact on Putin. She commented further on the issue during an interview with MSNBC’s Rachel Maddow:
"We're looking at not only states such as a China or a Russia manipulating technology of all kinds to their advantage, we're looking at non-state actors...destabilizing countries, destabilizing the dollar as the reserve currency. 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 for some philosophy of libertarianism or whatever."
On the 27th of February, Ukraine’s vice prime minister publicly requested that major crypto exchanges block the addresses of general users in Russia and Belarus, more than just those of politicians. According to the senior official, isolating Russians would play a major part in helping Ukraine to defend itself.
On the Flipside
- Cryptocurrency is decentralized by nature, and many might argue against Clinton’s views, stating that crypto assets should be independently free of political issues and governments.
- Flexpool, the fifth-largest Ethereum mining pool, recently revealed that it no longer services customers based in Russia.