The White House last week quietly released first-ever framework on how it would like to regulate cryptocurrencies.
The framework follows Executive Order 14067 issued by Biden in March.
“Notably, the White House’s framework states that the Treasury Department and Federal Reserve will consider a central bank digital currency — what has been called a ‘digital dollar,’” The Blaze reports.
From the White House Framework:
Recognizing the potential benefits and risks of a U.S. Central Bank Digital Currency (CBDC), the reports encourage the Federal Reserve to continue its ongoing CBDC research, experimentation, and evaluation and call for the creation of a Treasury-led interagency working group to support the Federal Reserve’s efforts.
More from The Blaze:
Federal Reserve Chair Jerome Powell previously said the primary incentive for the U.S.