On Thursday, The Epoch Times posted an article about a recent Executive Order issued by President Biden.
The article reports:
President Joe Biden’s Wednesday executive order on cryptocurrency outlines a range of new policy objectives and measures, including language on the climate-related effects of cryptocurrencies and on the potential for a U.S. central bank digital currency (CBDC).
“We must take strong steps to reduce the risks that digital assets could pose to … climate change and pollution,” the executive order states; “climate change and pollution” come at the end of a long list of prospective dangers.
Section 5 of the EO, “Measures to Protect Consumers, Investors, and Businesses,” includes a subsection, (b) vii, telling the Director of the White House Office of Science and Technology Policy (OSTP) to lead work on an interagency report examining climate and energy concerns around cryptocurrency.
The OSTP is currently led by Alondra Nelson, a social science professor at the Institute of Advanced Study with a doctorate in American studies, who has been a member of the World Economic Forum’s Network on AI, IoT, and The Future of Trust.
The article also reports:
Peter St Onge, a research fellow in economic policy at the Heritage Foundation who studies cryptocurrency, told The Epoch Times that the EO’s language on climate and energy use was less aggressive than many in the cryptocurrency community had feared.
“It looked almost like a throwaway line, given how many activists have been attacking on those vectors,” he said. “Overall, they’ve demoted that in their rank of concerns.”
He agreed that the Biden administration could be shifting its rhetoric or policy focus from climate in light of surging energy prices.
St Onge said he is both surprised and concerned by the EO’s discussion of a future digital dollar, subject of EO Section 4.
It states: “The Administration places the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC.”
There are a few things that concern me about this. The World Economic Forum (WEF) is not America’s friend. These are the one-world government people who want to take away America’s sovereignty. The fact that the White House Office of Science and Technology Policy (OSTP) is currently led by someone with ties to the WEF is not comforting to me. At the present time, digital currency has enough anonymity to protect the holders of the currency. However, there is also the potential that a digital currency could be used to set up a social credits system similar to the one currently used in China. To sum it up, I really don’t like the direction in which this is going.