Strengthening American Leadership in Digital Financial Technology
Headline: Bans Central Bank Digital Currencies and Directs Agencies on Digital Assets
What it does: Agencies must stop work to create or promote a U.S. CBDC and review, rescind, or propose changes to digital-asset rules through a new working group.
- Immediately halts agency plans to develop or implement a U.S. CBDC.
- Revokes prior digital-asset guidance and requires agencies to review existing rules.
- Creates a federal working group to recommend new digital-asset regulations and a possible asset stockpile.
Summary
This order supports the growth of digital assets and public blockchains while banning the establishment, issuance, circulation, or use of a Central Bank Digital Currency (CBDC) in the United States. It makes access to open public blockchains and banking services a stated priority and promotes lawful dollar-backed stablecoins.
The order revokes a prior digital-assets executive order and a Treasury framework, creates a President's Working Group to review rules, and requires agencies to identify and recommend changes to digital-asset regulations.
It aims to protect financial stability, individual privacy, and U.S. monetary sovereignty.
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