On January 23, 2025, the President issued an executive order to enhance U.S. leadership in digital assets and financial technology while protecting economic freedoms. The main objectives include:
1. Supporting the responsible growth of digital assets and blockchain technologies, ensuring citizens and businesses can engage with public blockchain networks without fear of persecution.
2. Maintaining the sovereignty of the U.S. dollar and advocating for lawful dollar-backed stablecoins globally.
3. Ensuring fair access to banking services for all law-abiding individuals.
4. Providing regulatory clarity to foster a vibrant digital economy.
5. Prohibiting the establishment and promotion of Central Bank Digital Currencies (CBDCs) within the U.S., citing risks to financial stability, privacy, and sovereignty.
A Presidential Task Force on Digital Asset Markets will be created to propose a federal regulatory framework and evaluate the potential for a national digital asset stockpile. The order revokes a prior executive order and mandates agencies to review regulations affecting the digital asset sector and submit recommendations. The prohibition of CBDCs is emphasized throughout the order.
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