On March 9th, Biden signed into law something known as Executive Order 14067. It's essentially a government order to develop a comprehensive approach to regulating all digital assets.
But if you read the order carefully, you'd understand why many Americans would find the language hidden in section 4 to be highly troubling, and here's why.
On the surface, it touches upon all the right things: economic stability, increased efficiency, and financial privacy, security, and inclusion.
But all of this will unfold under the guidance of a single entity: the current US administration. What happens if this system ends up controlled by an unfavorable administration or in the wrong hands?
The risks here are not mentioned in Section 4. They are…