Report Surfaces: Viral Tweet Claims Biden Issued 'Executive Order' Banning Cash Payments Over $500 – Is It Real?
A rumor is spreading like wildfire across social media platforms, with a viral tweet claiming President Joe Biden has signed a new executive order that would make cash payments over $500 illegal, forcing all large transactions to go through digital tracking systems. The post, shared by an unverified account, warns of an 'economic lockdown' starting next month.
However, fact-checkers have quickly debunked this claim. There is no record of any such executive order from the White House. Official government databases show no recent executive actions regarding cash transaction limits. The viral story appears to be a fabricated conspiracy theory, likely repurposed from old, false claims about financial surveillance. While the Treasury Department has discussed digital tracking for large transactions in the past, no active order bans cash payments. This news snippet is *false* – do not share it. Always verify with official .gov sources.