On March 9, the Biden administration issued a sweeping executive order directing a laundry list of government agencies to develop plans to regulate cryptocurrencies like Bitcoin, as well as to produce a detailed plan to study the potential creation of a central bank digital currency (CBDC) for the United States.
The development of a digital currency should worry Americans everywhere, regardless of their ideological and political views. Once a digital currency is in place, government and/or Federal Reserve officials would have more power than ever to control, track and coerce individuals and U.S. businesses.
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One day you’ll like an offensive meme and your furnace and bank account will stop working. That’s the goal. And they’ll do this through the “private sector” to trick useless lolbertarians and Redupedlicans to defend this neofascist system.