What the press has to say about Joe's executive order and digital currency:
Forbes:
"Digital Money to be Ultimate Financial Censorship Tool"
The Sun:
"I'm concerned because there's a lot of language about Central Bank Digital Currencies in the executive order, and I think they are dangerous for civil liberties." - Alex Gladstein, chief strategy officer of the Human Rights Foundation
CNBC:
"as all transactions are kept public on an unchangeable record-keeping system"
Wired Magazine:
"Digital currency issued by a central bank can be used as a tool for government surveillance of citizens and control over their financial transactions… will have direct control over and access to the financial lives of individuals"
NBC News:
"If the cash is electronic, the government can just erase 2 percent of your money every year." - David Yermack, professor and chair of the finance department at New York University.
A white paper issued by the Fed's BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM titled:
Money and Payments: The U.S. Dollar in the Age of Digital Transformation, published January 2022.
Direct quotes from the white paper:
Promotes consumer protection and community development through consumer-focused supervision and examination… and administration of consumer laws and regulations.
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