Biden Signs Order Putting R&D on Potential U.S. CBDC Option Most Urgent

Biden signed an executive order on digital assets, requiring relevant departments to conduct a series of studies related to digital currency. In addition to reviewing related risk regulations, it also mentioned the issue of exploring the creation of a government digital dollar.

The White House emphasizes that this administration prioritizes research and development of potential U.S. CBDC design and deployment options, and that these efforts should include an assessment of the possible benefits and risks to consumers and investors and businesses, financial stability and systemic risks , payment systems, and actions needed to launch a U.S. CBDC, etc.