For example, Hillary Clinton, calling attention to the risks of crypto and the need for regulation, said at a Bloomberg conference in Singapore in 2021, “One more area that I hope nation-states start paying greater attention to is the rise of cryptocurrency because [it] 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.” These are strong words, and governments have begun to take claims like these seriously. Despite crypto’s decentralization, regulation appears inevitable and could profoundly alter its development and adoption worldwide.
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Source: Cryptocurrency - investing.com
