signed an executive order this week calling on the Federal Reserve to research and potentially develop its own cryptocurrency, which was applauded by a number of digital currency companies, including one that called it a"watershed moment."
On Wednesday, Biden signed the executive order which in addition to calling on the nation's central bank to explore options for constructing it's own cryptocurrency, seeks to protect investors and companies from risks associated with investing in digital currencies.; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation," the White House said in a fact sheet announcing the executive order.
The statement continued,"As a regulated global crypto exchange, Kraken will continue to work collaboratively with peers, partners and policymakers to ensure the issues outlined in the Executive Order are fully understood.… We welcome this important initiative to provide clarity on how digital asset markets will be evaluated through inter-agency coordination."
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The whole system is insolvent by it's nature We need to outlaw & dismantle current financial institutions for war profiteering & crimes against humanity Decentralized value based currency linked to assets - printed & digital Future currency acts more as a receipt rather than debt