Executive Order 14067 directed the federal government to weigh the risks of using digital currency. The order does not implement a digital currency or give the government the power to electronically control it.
Because of Executive Order 14067,"the government will be able to turn on and turn off your money," said a TikTok user in an Aug. 29
."See, the paper dollar and the coins and the quarters and the dimes, they want to take it all away. Go digital. Track it all."by President Joe Biden in March. The order does not give the government the ability to take away physical currency, nor does it implement a digital currency. It also doesn’t give the government access to people’s digital funds, a White House spokesperson confirmed.
Instead, Executive Order 14067 directs the government to weigh the risks and potential benefits of using digital assets such as bitcoin, according to a White House
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