Biden Crypto Executive Order Portends Dollar Destruction, Liberty Erosion

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If you like what the Biden administration has done to the paper dollar, then you’ll love what it could do to a digital dollar.

The odds of that perilous prospect becoming reality increased exponentially on March 9, when the White House introduced its “Executive Order on Ensuring Responsible Development of Digital Assets.”

The order might not only foretell the further erosion of the world’s reserve currency—and with it the wealth, economic dynamism and power that currency underpins—but the further erosion of our liberties.

It calls for mobilizing the federal bureaucracy to regulate digital assets, including cryptocurrencies, and to prepare for the creation of a U.S. central bank digital currency (CBDC) —an electronic dollar one might hold in a digital account with the Federal Reserve.

The two go hand in hand.

On the regulatory side, the order notes that: “The new and unique uses and functions that digital assets can facilitate may create additional…

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