Strengthening American Leadership in Digital Financial Technology
Establishes a federal framework for digital asset regulation friendly to the cryptocurrency industry. Creates a working group to develop clear regulatory guidelines and prohibits the creation of a central bank digital currency by the Federal Reserve.
Section by Section
What each section does, and how they differ.
Establishes pro-crypto policy removing barriers to digital asset development and prohibiting central bank digital currency.
Defines digital assets as digital representations of value on distributed ledgers including cryptocurrencies and stablecoins; defines blockchain technology with cryptographic linking.
Executive Order 14067 and Treasury's July 2022 digital assets framework are revoked; all inconsistent policies shall be rescinded.
Establishes President's Working Group on Digital Asset Markets chaired by Special Advisor for AI and Crypto; must identify regulations affecting digital assets and propose framework within 180 days.
Agencies are prohibited from establishing, issuing, or promoting central bank digital currencies, and must terminate all related plans and initiatives.
Standard severability clause: if a court strikes any provision, the rest of the order stands.
Standard boilerplate: preserves existing agency authority, conditions the order on appropriations, and creates no enforceable private rights.