“Social media posts claimed that President Joe Biden had announced that the US Dollar was going to be converted into cryptocurrencies.”
Social media posts
Claim dated 10 Jul 2023.
RumorGuard rated thisFALSE
What RumorGuard found
An Executive Order signed in March ordered government agencies to study the risks and benefits of establishing a central bank digital dollar. The executive order did not state that US dollars would be converted to cryptocurrencies.
Their words, from the summary they publish with the rating.
In short
This claim spread on social media around 10 July 2023. RumorGuard (United States) looked into it and published its finding on 17 July 2023, 7 days later. Its rating was “FALSE”.
Where the claim appeared
- Instagram posthttps://www.instagram.com/p/CuhHqTfMIT2/
Links recorded by RumorGuard. Some posts may have been deleted since.
This check was done by RumorGuard, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.