- Last year, the Biden administration released a sweeping executive order that directed numerous federal agencies to crack down on digital assets, including on popular cryptocurrencies.
- The government also began to study the potential development of a central bank digital currency.
Since then the administration has worked tirelessly – and quietly – to advance the creation of a CBDC.
- A U.S. CBDC would be programmable, traceable and designed to promote various left-wing social goals, such as improving “financial inclusion” and “equity.”