Biden's nominee for Comptroller of the Currency, Saule Omarova, has already laid out her plan for Central Bank Digital Currency - CBDC in her recent manifesto:
The People’s Ledger: How to Democratize Money and Finance the Economy
Excerpts:
Beginning with the liability side of the central bank balance sheet, this Article advocates the issuance of general-purpose CBDC (the “digital dollar”) and concurrent migration of all transaction deposit accounts from private banks to the Federal Reserve. Focusing on the ultimate “end-state” whereby central bank accounts fully replace—rather than uneasily co-exist with—private bank deposits, the Article explores the full range of new monetary policy options the proposed structural shift would enable.In effect, it re-imagines the role of a central bank as the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy—the People’s Ledger....
Doing so is especially urgent in light of the ongoing digitization of finance, which includes rapid proliferation of privately-issued digital money and privately-run digital payments systems. Notwithstanding their rhetoric of democratization, these technologies threaten to undermine the fundamental balance of the sovereign public’s and private actors’ relative powers and roles in the financial system
Biden selected her because she has a plan, and he (or those pulling his strings) likes it.
Biden s the Manchurian Candidate in a nutshell. He’s just the puppet of larger global forces.
Bankers and bank employees won’t be too happy if the Fed replaces them.