https://www.youtube.com/watch?v=_suSLXMifzA

DIGITAL CURRENCY : Biden signs cryptocurrency executive order, hoping to advance a digital dollar and other innovations

The Biden administration is tackling cryptocurrency and blockchain with a new executive order meant to promote future innovation in the industry while minimizing the financial risks to Americans and the global financial system.

The order, which President Joe Biden is expected to sign Wednesday, will hasten the research and possible creation of the Federal Reserve's own digital currency, pushes for greater support for innovation in blockchain technology and works to ensure the new systems won't increase inequality or financial swings.

Agencies like the Commerce, State and Treasury departments, as well as the Federal Reserve, have been working with or researching cryptocurrencies and blockchain technologies for years.

The latest executive order, developed in conversations with major industry players, is bringing in the entire administration to the effort.

The administration's executive order is the most significant intervention the federal government has taken into cryptocurrency and blockchain technology so far.

The order instructs federal agencies to collaborate on digital assets in six areas: consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.

Per the order, the Treasury Department will come up with recommendations for consumer financial health and protection. It will also further research the future of payment systems, like cryptocurrency.

Other departments will determine the risks and benefits of cryptocurrency and blockchain, with reports to be delivered to Biden over the next six months.

The Commerce Department is tasked with ensuring that the U.S. financial system and the dollar remain central to global finance by understanding how to leverage digital assets in that goal.

"Our assessment of the risks and potential benefits of digital assets must include an understanding of how our financial system does and does not meet the current needs of consumers in a manner that is equitable, inclusive and efficient," said a senior administration official who spoke on the condition of anonymity.

Current American payment systems are in many ways "antiquated" and can leave consumers with "options that are slow, costly or altogether inaccessible", particularly for international transactions, the official said.

Yet many economists studying the space have expressed concern about the volatility of some cryptocurrencies, non-fungible tokens and other digital assets, as well as the threat that new financial technologies may allow for illicit conduct.

The administration denies that the rollout of the executive order is affected by the Russian invasion of Ukraine. Senior officials are also confident that cryptocurrencies can't serve as an effective workaround for sanctions the U.S. and its allies have imposed on Russian elites and financial intuitions, especially the Russian Central Bank.

Russian banks and citizens have been rushing to transfer their assets into cryptocurrency as the ruble tumbles in value under severe Western sanctions meant to curtail the Kremlin's war machine.

Countries around the world are taking divergent views on cryptocurrency and other so-called "Web3" technologies based on blockchain. The European Parliament will vote on March 14 whether to pass a comprehensive cryptocurrency bill that would add regulations across the continent but not ban the technology.

https://www.usatoday.com/story/news/politics/2022/03/09/cryptocurrency-executive-order-biden/9430638002/?utm_term=upNextModule

The world is tilting towards a digital currency/economy and America is making huge steps towards it Realization.

Righteousness2:
You do not need rocket science to know or understand what is going on today.

The Mark of Beast System is systematically and strategically being prepared...
Everything is being put in place for antichrist and the Mark of the Beast System to Come into effect.

The RAPTURE of the Church is at Hand!
It will be Suddenly and in a twinkling of an eye! In a time you think not!

Get Ready and Live Ready! JESUS Christ is at Door!

Must have heard the same thing when SIM cards, ATM cards and biometric devices were newly introduced.

Heard the same thing when the covid vaccines was introduced too.

Anyways… till that temple in Jerusalem is rebuilt and the son of perdition is revealed… we still full ground for here.

Since it is done on earth as it is done in the heavens, can we say that US is the best heaven of the earth.

Confused man and his confused country........ Banning Russia oil and then going around the world to beg Russia allies no supply you oil?


Begging Venezuela president which you country wanted to overthrow to supply you oil......
I never see a man wey mumu like biden

.
Imagine a poor grown ass Nigerian father cursing a whole Biden.
What do y'all gain from supporting Putin btw

Confused man and his confused country........ Banning Russia oil and then going around the world to beg Russia allies no supply you oil?


Begging Venezuela president which you country wanted to overthrow to supply you oil......
I never see a man wey mumu like biden

Ok..crypto receiving more attention be dis o

hmmm..Federal reserve? Private bank?...na wa oo

While we applaud technologies, let's not ignore eternity, use them when they come, but when it gets to that part of chip implant on the right arm or forehead, please say NO..

Ayam not understanding this o because person wey teach me crypto don turn danfo driver and me de think to be him conductor

Go Biden, go!!!






We all love you ❤ ❤ ❤

Evolution is a constant thing g as far as this world is concern ...
If u refuse to upgrade..u will be left behind...
Dats y am still looking at our naija as ..pple wea get mind say na Tinubu go change the country...
Chaaii...Wu swear for naija

Righteousness2:
You do not need rocket science to know or understand where this is headed to.

This is Biblical..
The Mark of Beast System is systematically and strategically being prepared...
Everything is being put in place for antichrist and the Mark of the Beast System to Come into effect.

Wake up Folks! There is no more time!
The RAPTURE of the Church is at Hand!
It will be Suddenly and in a twinkling of an eye! In a time you think not!

Get Ready and Live Ready! But if you think otherwise, Feel free to discard this.

Dem no de tell Blind man say rain de Fall!!

Do you know that the first person that used fork to eat was called a sinner in the year 1666 The so called pastor claimed that GOD in HIS infinite wisdom gave us 5 fingers to use as spoon/fork and using any other tools was anti-christ the said defaulter later died 3 year after the incident and the pastor claimed that God killed her because she committed sin but today if you no sabi use fork eat then you be local person.

Crypto value will soon go high

Can this be interpreted in layman's language

Interesting.

With all these, BTC stil dip massively overnight. Anything Biden touches turn to dust. A weakling of a bastard!

Better people, bubu should emulate.

Copy copy. Wetin Nigeria Don do, USA wan copy am.

Anyways, Nigeria is willing to provide bilateral support by supplying them our team of digital expert lead by Emefiele to show them how it's done since we are the first country to successful introduce and use digital country.

Nigeria amaka!

following

While our own useless government still places a ban on cryptocurrency

While other countries are moving forward our own is on high reverse speed

I hope he understands what he was signing all these demented old men that won't give way for younger generations.

This is sweet.....

Most Confused US President

Buhari Is Far Better Than Joe Biden

OkCornel:


Must have heard the same thing when SIM cards, ATM cards and biometric devices were newly introduced.

Heard the same thing when the covid vaccines was introduced too.

Anyways… till that temple in Jerusalem is rebuilt and the son of the perdition is revealed… we still full ground for here.

You dey mind him.

They're just dark ages people, the same phone he's using to send this message made by does anti Christ, I think we've lost it all in terms of religion because the preaching is not going to direct channel again.

Digital currency is here to stay, the people of the world have already accepted it. The worst world government can do is create a competition for the existing digital currency.

fasho01:
Can this be interpreted in layman's language

The US president is giving orders to US researchers to create a digital currency that is linked to US federal reserve and is better than Bitcoin.