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

Posted on AllSides September 17th, 2022
From The Right
JIM WATSON/AFP via Getty Images

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...

Read full story
Some content from this outlet may be limited or behind a paywall.

The Daily Caller

AllSides Media Bias Rating: Right
AllSides Media Bias Rating: Right
110173/85839
See full bias rating for The Daily Caller
Learn about media bias
https://dailycaller.com/2022/09/16/white-house-report-bashes-crypto-boosts-fed-controlled-digital-currency/

More News about Joe Biden from the Left, Center and Right

From the Left

From the Center

From the Right