What does President Biden’s executive order on crypto and central bank digital currencies (CBDC) actually mean?
I’ll explain what a CBDC is, how it’s different from crypto and why the president is talking about a digital dollar right now. It may have something to do with the fact that many Americans came back from the Winter Olympics in Beijing having used China’s brand new digital currency.
0:00 President Biden’s cryptocurrency executive order
0:39 What digital currencies are
1:01 What digital currencies are not
1:45 Why the Fed hasn’t rolled out a digital dollar yet
I’m Dion Rabouin, a WSJ reporter covering markets and the economy. I’ll be diving into all things finance, from the popular and well-known — like crypto and stocks — to the complex and intricate — like leveraged loans, derivatives and private equity. Subscribe to join me as I take a deep dive into what’s making money move and why it matters.
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