Biden’s Executive Order Plans for the Digital Dollar, a Massive Threat to Freedom

Earlier this month, Biden signed a sweeping executive order (EO) directing government agencies to develop plans to regulate cryptocurrencies like Bitcoin, and to study the creation of a central bank digital currency (CBDC) for the United States. Biden’s EO directs the attorney general, secretary of the Treasury, and chairman of the Federal Reserve to provide the White House with a legislative proposal for its own CBDC within 210 days of the order, about seven months. A US CBDC would likely be designed in a way that would give government and/or the Federal Reserve substantial control over its use and supply.The digital dollars could easily be tracked by banks, federal agencies and the Federal Reserve. They could also be programmed to control what people buy. Climate change and equity are key considerations in Biden’s proposed CBDC. Once a digital currency is in place, government and/or Federal Reserve officials would have more power than ever to control, track and coerce individuals and US businesses—likely without needing new laws approved by Congress.

https://needtoknow.news/2022/03/bidens-executive-order-plans-for-the-digital-dollar-a-massive-threat-to-freedom/