The U.S. President has issued an executive order aimed at strengthening the United States’ position in digital financial technology while ensuring economic security and regulatory clarity. The order emphasizes the responsible development of digital assets and blockchain technology, protecting individual rights to access decentralized networks, and promoting the U.S. dollar’s role in digital finance. It directs federal agencies to establish clear regulatory frameworks, safeguard banking access, and prevent unlawful restrictions on digital asset transactions. Additionally, the order prohibits the issuance and use of a Central Bank Digital Currency, citing concerns over financial stability, privacy, and national sovereignty.
The executive order also revokes previous policies, including Executive Order 14067 and the Department of the Treasury’s 2022 digital asset framework. It establishes the President’s Working Group on Digital Asset Markets, which will assess regulations, recommend policy adjustments and propose a federal framework for digital assets, including stablecoins. The group will also explore the creation of a national digital asset stockpile. Federal agencies must review and report on regulations affecting digital assets, ensuring consistency with the administration’s policy.
