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Biden Asks U.S. Officials to Submit ‘Future Money and Payments System’ Report Within 180 Days

By WebsCryptoMarch 10, 20221 Min Read
Biden Asks U.S. Officials to Submit ‘Future Money and Payments System’ Report Within 180 Days
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Biden signs executive order on digital assets, requiring 180 days.

The Secretary of the Treasury, along with the Secretary of State, Attorney General, Secretary of Commerce, Secretary of Homeland Security, Director of the Office of Management and Director of National Intelligence, and the heads of other relevant agencies, shall submit a report to the President on the “Future Currency and Payment System.”

Including the conditions that drive widespread adoption of digital assets, the degree to which technological innovation will influence these outcomes, and the impact of a CBDC on the U.S. financial system, the modernization and transformation of the payment system, economic growth, financial inclusion, and national security.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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