What currency does Biden use (monetary policy after Biden took office)
What currency does Biden use? The White House official website announced that the White House has rich experience in financial technology and in-depth research on blockchain technology. According to the Deputy Secretary of the US Treasury, what currency is President Biden using to promote economic recovery? The Biden government is currently planning to launch a series of pilot projects of Cryptocurrency, central bank digital currency (CBDC) and other related policies
According to the previous report of the New York Times, US President Trump has begun to use his own Cryptocurrency as a means of payment. According to information released by the National Banking Commission of the United States, Biden also announced his intention to create a central settlement token operated by federal agencies – the “Federal Reserve” or “US dollar” (USD) On January 19th, after Biden took office, Federal Reserve Chairman Powell said, “I expect a very clear monetary policy framework in the coming weeks.” He said, “If Congress does not take action to combat the crypto asset market and central bank digital currency (CBDC), it will be a disaster. We need to remain vigilant and avoid excessive leverage to address potential risks In addition, he also stated that the United States must continue to develop strategies for its emerging technologies to curb inflation, increase economic growth, and limit economic recession. (Golden Ten)
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