Digital Currency and Biden's Executive Order 14067

The world is moving towards a cashless society, and the United States is not far behind.

The introduction of the Digital Dollar is closer than ever, and the Executive Order 14067 is what is propelling the United States towards this future.

President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets on March 9, 2022. The order aims to encourage responsible development of digital assets, but there are pros and cons to consider.

While a digital dollar could offer faster and cheaper transactions with fewer intermediaries, it could also come with the potential for the government to track every single financial transaction.

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