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Biden Issues Executive Order on Cryptocurrency

    story
    MAR 2022
    Image copyright: Chip Somodevilla/Getty Images [via Business Insider]
    story last updated DEC 2022

    The Spin

    Narrative A

    The Biden administration is finally embarking on a thoughtful and constructive approach to the exciting new industry, one that will allow the US to remain at the forefront of innovation in the cryptocurrency space.

    CNBC

    Narrative B

    Biden is only analyzing benefits at this point. He must take a measured and cautious approach to these new financial technologies, which--in the absence of regulation--pose dangers to consumers and an existential threat to the stability of global financial markets.

    The Hill

    Narrative C

    Nine countries have already launched a CBDC and 16 others--including China--are in the development stage. The status of the USD as global reserve currency is at stake if the US doesn't hurry up and establish a digital dollar.

    Time

    Public Figures

    Joe Biden


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