Topic: Cbdc Order

South Dakota Governor Kristi Noem vetoed a bill updating the Uniform Commercial Code (UCC), claiming it was a "Trojan horse" for a government-led Central Bank Digital Currency (CBDC). Noem argued that the bill's definition of currency would pave the way for federal control over spending and the banning of Bitcoin. This move aligns with concerns regarding Executive Order 14067, which directs the government to explore the implementation of a digital dollar.

President Biden signed an executive order outlining a national policy for digital assets, with a primary focus on developing a Central Bank Digital Currency (CBDC). Brian Deese, a former BlackRock executive now in the administration, discusses the need for a "21st-century government structure" to manage digital risks. The move is viewed as a step toward a Chinese-style social credit system linked to carbon usage and financial surveillance.

President Biden signed an executive order aimed at modernizing government services and reducing the "time tax" on citizens. Critics argue this is a precursor to implementing digital passports and Central Bank Digital Currencies (CBDCs) for all government interactions. While the current infrastructure may not be ready, the year 2025 is identified as a likely target for the full implementation of these digital systems.