[tomder55]

It's coming . I suspect this will be established by EO as Joe walks out the door. In the guise of protecting us from the digital currency market ;he wants the US to establish it's own central bank bitcoin.

His signing of EO 14067 in 2022 to iron out the details; and place “the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC.”

FACT SHEET: President Biden to Sign Executive Order on Ensuring Responsible Development of Digital Assets | The White House

This is opposed by Trump .

(2) Trump War Room on X: "President Trump: "Tonight, I am also making another promise to protect Americans from government tyranny. As your president, I will never allow the creation of a Central Bank Digital Currency." https://t.co/pg2z5M1VkO" / X

His sentiment was echoed by Vivek Ramaswamy ;RFK Jr ;and Ron DeSantis.

The elimination of currency the government can't control is a goal of every authoritarian state. Just imagine a scenario where the government has eyes on every financial transaction made. Goodby privacy . The government could easily use it as a political tool . They already have the means to freeze assets. With a CBDC all it would take is the click of a mouse.

CATO Institute details the risks to freedom.
The Risks of CBDCs | Cato Institute

Even without this ,central banks around the world are itching to control cryptocurrencies . If they are adopted as the national currency then all bets are off.

[tomder55]

update

3 weeks ago Trump issued an EO banning a US central bank digital currency (CBDC)


President Trump Signs Executive Order To Ban Central Bank Digital Currencies (CBDC) | Nasdaq

Today Fed Chair Jerome Powell testified to the Senate that there will be no CBDC under his watch.

Powell squashes the possibility that the Fed will develop its own digital currency

I guess I can't exchange my collection of monopoly bucks for a US digital currency equally of no value.