CrypToad

It is therefore the policy of my Administration to support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy..

1. Foci
   • Citizen and private entity access and use of open public blockchain networksPromoting and protecting USD sovereigntyRegulatory clarity and certainty
   • Tech-neutral regulations, transparent decision-making, clearly defined regulatory jurisdictional boundaries
   • Protecting Americans from CBDC
     • Interesting: “to protect sovereignty of the U.S.”
     • Prohibiting establishment of CBDC
2. Revocation of EO 14067 (3/9/2022)
   • EO is revoked
   • DoT’s “Framework for Int’l Engagement on Digital Assets” pursuant to this EO is rescinded
   • All policies, directives, guidelines pursuant to 14067 are rescinded or kept at SoT’s discretion if they are in accord with this Order
3. President’s Working Group on Digital Asset Markets
   • Established within the National Economic Council, chaired by the President’s Special Advisor for AI and Crypto (Sacks)
   • Working Group to include eleven agency heads/executive staff¹
   • Duties
     • included agencies to identify how their regulations, orders, guidance affects the digital asset sector.
     • report whether these regulations etc. should be modified, rescinded, or made into a regulation if not already.
     • The Working Group thru the Assistant to the President on Economic Policy (Stephen Miran) will “recommend regulatory and legislative proposals that advance the policies [of] this Order.”
     • Propose a federal framework regarding:
       • Issuance/operation of digital assets
         • Including stablecoins!
       • Potential creation and maintenance of a digital asset stockpile
         • Derived from seized assets!
       • Hold public hearings and consult w/ experts as necessary
4. Prohibition of a Central Bank Digital Currency
   • “agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs”
5. Legal
   • Severability clause (Sec. 6)
   • Gen provisions
     • This order subject to availability of appropriations
   • Substantive clause – no rights created

Definitions

*DA=digital asset= any digital representation of value that is recorded on a distributed ledger.

*Blockchain= any technology in which data is shared across a network to create a public ledger of verified tx’s; the public ledger’s integrity is ensured through cryptography; automatically distributed to network participants that keeps them updated on ledger state; composed of open source code.

*CBDC=digital money, denominated in the national unit of account, that is a direct liability of a central bank.

Footnotes

1. the Secretary of the Treasury; the Attorney General; the Secretary of Commerce; the Secretary of Homeland Security; the Director of the Office of Management and Budget; the Assistant to the President for National Security Affairs; the Assistant to the President for National Economic Policy (APEP); the Assistant to the President for Science and Technology; the Homeland Security Advisor; the Chairman of the Securities and Exchange Commission; and the Chairman of the Commodity Futures Trading Commission.Any other agency heads or executives in the president’s office, based on expertise & experience ↩︎

Sources

1. This Order–https://www.federalregister.gov/documents/2025/01/31/2025-02123/strengthening-american-leadership-in-digital-financial-technology
2. Revoked Order — https://www.federalregister.gov/documents/2022/03/14/2022-05471/ensuring-responsible-development-of-digital-assets