Biden to sign executive order that could bring U.S. one step closer to a digital currency.

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A U.S. digital currency could be on the horizon.

The Biden administration is putting its support behind the research and development of a “U.S. Central Bank Digital Currency,” or CBDC.

The move is part of a sweeping executive order President Joe Biden signed Wednesday instructing the federal government to explore possible uses of and regulations for digital assets like cryptocurrencies.

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“My Administration places the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC,” the executive order reads.

www.msn.com/en-us/news/us/biden-to-sign-executive-order-that-could-bring-u-s-one-step-closer-to-a-digital-currency/ar-AAUPzr3

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