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The Implications of Executive Orders on Digital Currency
This chapter focuses on a significant executive order aimed at enhancing U.S. leadership in digital financial technology, particularly regarding Bitcoin and Central Bank Digital Currencies (CBDCs). It discusses the potential risks CBDCs pose to financial stability, privacy, and sovereignty, while exploring the implications of government involvement in cryptocurrency and the lobbying influences at play. The chapter also reflects on the rapid pace of executive actions taken by the current administration and the varying perceptions within the Bitcoin community regarding these developments.