The White House last week quietly released first-ever framework on how it would like to regulate cryptocurrencies.
The framework follows Executive Order 14067 issued by Biden in March.
“Notably, the White House’s framework states that the Treasury Department and Federal Reserve will consider a central bank digital currency — what has been called a ‘digital dollar,'” The Blaze reports.
From the White House Framework:
Trending: U.S. Files Patent For LUCIFERASE
Recognizing the potential benefits and risks of a U.S. Central Bank Digital Currency (CBDC), the reports encourage the Federal Reserve to continue its ongoing CBDC research, experimentation, and evaluation and call for the creation of a Treasury-led interagency working group to support the Federal Reserve’s efforts.
More from The Blaze:
Federal Reserve Chair Jerome Powell previously said the primary incentive for the U.S. to create its own central bank digital currency would be to eliminate the need for other forms of digital currencies in America. “You wouldn’t need stablecoins; you wouldn’t need cryptocurrencies, if you had a digital U.S. currency,” Powell told Congress. “I think that’s one of the stronger arguments in its favor.”
The reports also encourage regulators like the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) to “aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space.”
This is a dangerous precedent that will enable the government to have ultimate control over your money and freedom.
In fact, this provision sets the stage for:
- Legal government surveillance of all U.S. citizens
- Total control over your bank accounts and purchases
- And the ability to silence all dissenting voices for good
It’s no wonder Fox News recently called this “a deeply troubling development.”
Still, most Americans have never even heard of Executive Order 14067.
Read WLT’s prior warnings about the evils of CBDCs and why Americans need to resist at ALL COSTS: