White House Report Bashes Crypto, Boosts Fed-Controlled ‘Digital Currency’

The White House today released a fact sheet that criticized the risks of decentralized cryptocurrencies while promoting a centralized Fed-control “digital dollar,” which experts told the Daily Caller News Foundation came with significant privacy risks.

The White House criticized the transparency of digital currencies and the volatile nature of cryptocurrencies, claiming that a U.S.-sponsored cryptocurrency known as a Central Bank Digital Currency (CBDC) could potentially achieve a variety of goals including protecting national security, advancing financial inclusion and promoting economic growth, pending research. Experts and congressional representatives who spoke to the...