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I just found out about this Executive Order, not by any Major news report, just a random advertisement on YouTube while waiting for my next video to start.
Here is a link to the full Executive Order: https://www.coindesk.com/policy/202...-of-bidens-executive-order-on-cryptocurrency/
So you don't think it is a fake, here is a link to the White House "Briefing Room" fact sheet: https://www.whitehouse.gov/briefing...ing-responsible-innovation-in-digital-assets/
Reading through all the justifications and 'lofty goals" you eventually get to this part:
"Within 120 days of the date of this order, the Secretary of the Treasury, in consultation with the Secretary of State, the Secretary of Commerce, the administrator of the United States Agency for International Development, and the heads of other relevant agencies, shall establish a framework for interagency international engagement with foreign counterparts and in international fora to, as appropriate, adapt, update and enhance adoption of global principles and standards for how digital assets are used and transacted, and to promote development of digital asset and CBDC technologies consistent with our values and legal requirements. This framework shall be coordinated through the interagency process described in section 3 of this order. This framework shall include specific and prioritized lines of effort and coordinated messaging; interagency engagement and activities with foreign partners, such as foreign assistance and capacity-building efforts and coordination of global compliance; and whole‑of‑government efforts to promote international principles, standards and best practices. This framework should reflect ongoing leadership by the Secretary of the Treasury and financial regulators in relevant international financial standards bodies and should elevate United States engagement on digital assets issues in technical standards bodies and other international fora to promote development of digital asset and CBDC technologies consistent with our values. (ii) Within one year of the date of the establishment of the framework required by section 8(b)(i) of this order, the Secretary of the Treasury, in consultation with the Secretary of State, the Secretary of Commerce, the director of the Office of Management and Budget, the administrator of the United States Agency for International Development and the heads of other relevant agencies as appropriate, shall submit a report to the president on priority actions taken under the framework and its effectiveness."
It appears that our government is not only concerned about "independent" electronic currency, but seeks to adopt it and adapt our monetary system to a method of currency that can be easily monitored and better controlled.
Shades of every Sci-Fi story where the government not only controls your money completely, but knows how you spend it.
Are you for this? Against this? Other?
Here is a link to the full Executive Order: https://www.coindesk.com/policy/202...-of-bidens-executive-order-on-cryptocurrency/
So you don't think it is a fake, here is a link to the White House "Briefing Room" fact sheet: https://www.whitehouse.gov/briefing...ing-responsible-innovation-in-digital-assets/
Reading through all the justifications and 'lofty goals" you eventually get to this part:
"Within 120 days of the date of this order, the Secretary of the Treasury, in consultation with the Secretary of State, the Secretary of Commerce, the administrator of the United States Agency for International Development, and the heads of other relevant agencies, shall establish a framework for interagency international engagement with foreign counterparts and in international fora to, as appropriate, adapt, update and enhance adoption of global principles and standards for how digital assets are used and transacted, and to promote development of digital asset and CBDC technologies consistent with our values and legal requirements. This framework shall be coordinated through the interagency process described in section 3 of this order. This framework shall include specific and prioritized lines of effort and coordinated messaging; interagency engagement and activities with foreign partners, such as foreign assistance and capacity-building efforts and coordination of global compliance; and whole‑of‑government efforts to promote international principles, standards and best practices. This framework should reflect ongoing leadership by the Secretary of the Treasury and financial regulators in relevant international financial standards bodies and should elevate United States engagement on digital assets issues in technical standards bodies and other international fora to promote development of digital asset and CBDC technologies consistent with our values. (ii) Within one year of the date of the establishment of the framework required by section 8(b)(i) of this order, the Secretary of the Treasury, in consultation with the Secretary of State, the Secretary of Commerce, the director of the Office of Management and Budget, the administrator of the United States Agency for International Development and the heads of other relevant agencies as appropriate, shall submit a report to the president on priority actions taken under the framework and its effectiveness."
It appears that our government is not only concerned about "independent" electronic currency, but seeks to adopt it and adapt our monetary system to a method of currency that can be easily monitored and better controlled.
Shades of every Sci-Fi story where the government not only controls your money completely, but knows how you spend it.
Are you for this? Against this? Other?