Karoline Leavitt: “The President opposes [central bank digital currency]. He…”

“This piece of legislation is going to make America the crypto capital of the world. And that's what the President promised. As for essential bank digital currency, The President opposes [central bank digital currency]. He made that promise to the American people on the campaign. And while it's not in this specific piece of legislation, he did sign a January executive order banning a central bank digital currency. The administration supports Congress's efforts to codify that executive order into law.” (10:57–11:02)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.