President Donald Trump signed an executive order establishing the Department of Government Efficiency (DOGE) to modernize federal technology and software, enhancing government efficiency and transparency.
The implementation of the DOGE program will significantly cut the US government spending from the current $6.5T annual budget and heavily deregulate the country.
While Trump and his cohorts believe the introduction of CBDCs to the financial economy is a dangerous threat to freedom, many nations around the world are exploring such assets.
The US Federal Reserve has been exploring the feasibility of a CBDC. This, however, is not a sign that a digital dollar is on the horizon.