Hillary Clinton Protests Biden Administration For Not Blocking Russian Cryptocurrency Access

All those who can put pressure on Putin should act urgently, choosing the former Democratic presidential candidate.

Former Democratic presidential candidate Hillary Clinton has criticized the Biden Administration’s Treasury Department for failing to lock down the crypto market that could relieve Russians of growing financial pressure.

Her comments come at a time when the ruble is reeling as Western sanctions against Russia mount. At the same time, the two most popular coins, Bitcoin and Ethereum, posted gains of 14% and 11.4%, respectively.

Clinton felt that everyone who could do something to isolate Russia financially should act urgently. “That kind of pressure will totally affect Putin,” she said in a recent segment on MSNBC.

Clinton went on to say that people who live to make legitimate money should not want the invasion of Ukraine to continue. “We don’t have to go into some global conflict where dictators might decide they’re going to try to take over countries just because they woke up one morning,” Clinton said. No provocation at all.” She believes it is in the interest of anyone doing legitimate business to end this conflict as soon as possible.

Disappointed with Cryptocurrency Exchanges

“I am very disappointed to see some crypto exchanges, not all, but some of them are refusing to terminate their dealings with Russia,” Clinton said, certainly referring to the reactions of the crypto exchanges. major exchange for the Ukrainian Deputy. Ptweet by minister rimeespecially of Kraken CEO Jesse Powell and spokesperson for Binance.

Powell believes that banning Russians from doing business with Kraken will hurt their business. A spokesperson for Binance shared his opinion, saying that freezing accounts in Russia goes against everything bitcoin and cryptocurrencies stand for.

Don’t give Putin a way out

Clinton admits governments have tried to understand the market to place railings, as they would for any primary financial market. In addition, she believes that the US Treasury and Europeans should carefully consider how they can prevent the crypto market from providing an exit for Russians, both government and private.

She hopes that someone in [U.S.] The Treasury Department finds a way to plug “leak valves in the crypto market.”

At Bloomberg’s New Economic Forum in late November 2021, Clinton said that she hopes countries will begin to pay more attention to the rise of cryptocurrencies. She then said that cryptocurrencies have the potential to weaken the dollar as a reserve currency to destabilize countries, starting with smaller states and then going much larger. Her comments mean much more when you consider her views on how social media and crypto can be manipulated to influence elections and cause instability. politics, state in an interview on MSNBC a few days later.

Her comments appear to come from a pro-institutional stance, opposed to Republicans’ distrust of institutions promoted by former US President Donald Trump. Trump recently referred to Canadian Prime Minister Justin Trudeau’s move to freeze the crypto accounts of Canadian truck drivers as being linked to “left-wing fascists.”

At press time, it appears that the Biden administration is in talks with crypto exchanges to block Russians from trying to avoid sanctions.

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