During an appearance on The Rachel Maddow Show on MSNBC earlier this week, former Secretary of State Hillary Clinton had some choice words for crypto bros navigating questions of deplatforming amid Russia’s invasion of Ukraine.
“If the Ukrainians with our help can impose enough economic pain on [Russian President Vladimir] Putin and, sadly, the Russian people, combined with providing weapons…that might be the only way…that I can see us getting to a stalemate that might save the Ukrainian people from even greater tragedy,” said Clinton, referring to the broad-based sanctions imposed by Western governments on Russian financial institutions and state-owned companies.
Clinton added,”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,” later in the segment. “Everybody…should do as much as possible to isolate Russian economic activity right now.”
Maddow, who seemed to agree with her guest, responded by calling crypto “an escape hatch” with potential to stymie “multilateral action.”
That’s precisely the point. Crypto’s transcendence of national borders is a feature, not a bug… Read the rest