Robert Reich: Invisible Digital Dollars

Posted by admin on Tuesday, August 9, 2016

Robert Reich Money Quote saying he’s concerned over cryptocurrencies effect on campaign contributions from overseas sources seeking to influence foreign policy. Robert Reich said:
 
The biggest threats to American sovereignty are invisible digital dollars wired into U.S. election campaigns from abroad Quote
 

“The biggest threats to American sovereignty are invisible digital dollars wired into U.S. election campaigns from abroad” — Robert Reich

 

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Robert Reich is concerned about “invisible digital dollars” being used to influence foreign policy because cryptocurrencies like Bitcoin allow money to be sent anonymously across borders. This means foreign actors could potentially donate large sums of money to political campaigns or groups in other countries in order to sway their policies without the donations being traced back to the original source.

Reich worries this could undermine countries’ sovereignty if foreign policy is influenced by undisclosed foreign funding rather than the will of its own citizens.

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