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News Analysis Mar 15, 2022 4:20 PM EST

'Digital is here to stay': Jack Posobiec on Biden's crypto and digital assets executive order

"So the Federal Reserve and our government are working to figure out a way to combine that with crypto," Posobiec concluded. "Will it screw up? Probably, it's the government after all."

'Digital is here to stay': Jack Posobiec on Biden's crypto and digital assets executive order
Hannah Nightingale Washington DC

On Monday’s episode of Human Events Daily with Jack Posobiec, he addressed Biden’s recent signing of an executive order pertaining to digital currencies and assets, stating that the order "sets out a guideline and a roadmap for the future of crypto and the future of finance."

"Look, I think we all understand that the US dollar, as the world reserve currency, is not long for this world. We don't know how long that's going to happen, we don't think it's a good thing, by the way, it would be terrible for the United States. So how do we stay fiscally solvent? How do we protect the money of the people in this country, who live paycheck to paycheck, who have less than $5,000 in their bank account, in their checking account? What do we do for those people? How do we help them? How do we make sure that those people are cared about?" Posobiec questioned.

"And it's not really our leaders who care about this, because they're the ones that have been pushing inflation," he continued,

Posobiec added that they are the ones who blame inflation on the stimulus checks.

"The stimulus checks that came out were a drop in the bucket compared to the amount of quantitative easing and the money printer that the Fed was giving to all of their buddies for all this great reset stuff, this ESG crap, BlackRock, Blackstone, all their buddies in the elites at the top.

Citing Zero Hedge, Posobiec said that this executive order paves the way towards a Central Bank digital currency.

"Digital currencies are set to play a leading role in the future of finance. The mandate is unequivocal. It is not to say that everyone and everything in digital will win, the contrary, the message is more about embracing the technologies for the strategic betterment of America than accepting the current state of play in areas like defying decentralized finance," said Posobiec.

"Digital Asset technologies are transformative in how we transfer value. It has the potential to level the playing field in all markets, as the lines between traditional and native digital assets become blurred alongside a broadenization of tokenization we welcome the strategic initiatives," he said.

"Look, digital is here to stay. Keep in mind, right, that a lot of the US dollars that are out there —  are you ready for a mind-bender? — already are a form of digital currency in the form of a token. What does that mean? Well, that money in your bank account isn't cash that you can just go and pull out, that's on the ledger somewhere," he added.

"So the Federal Reserve and our government are working to figure out a way to combine that with crypto," Posobiec concluded. "Will it screw up? Probably, it's the government after all."

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