In an interview with Hillary Clinton, MSNBC anchor Rachel Maddow inquired about Clinton’s position on technology and social media businesses and their involvement in the Russian parliamentary election in 2021. Before the election, the Russian government pressured Apple and Google to block pro-opposition voting applications, and both firms agreed.
In collaboration with the European Union, Clinton believes that the Biden administration would enact more stringent regulations to reduce the possibility of domestic political manipulation by major companies and social networks.
“There are so many big questions that the Biden administration must address. I don’t think we have much time and therefore I hope, from everything I’m hearing from them, that’s exactly what they’re going to try to do.”
Clinton condemns the convergence between big tech and cryptocurrency.
According to the former State Secretary and presidential candidate, these restrictions must also apply to cryptocurrencies, especially when IT giants manage them. Clinton emphasized that the “combination of social media, the algorithms that drive social media, and the accumulation of even bigger sums of money through ownership of specific cryptocurrency networks” is particularly concerning.
We’re talking about more than just governments like China, Russia, and others using technology to their advantage. We’re looking at non-state players who, either in collaboration with governments or on their own, are destabilizing countries and undermining the Dollar as the world’s reserve currency.
Elizabeth Warren slammed Facebook last month after they launched their cryptocurrency wallet Novi. The US lawmaker demanded that the wallet be terminated immediately. Facebook has long planned to develop its cryptocurrency, once called Libra, now rebranded as Diem, which has enraged US authorities since its announcement.
