The executive order establishes a framework for promoting digital assets and financial technology while protecting economic liberty. It defines “digital assets” as any digital representation of value recorded on a distributed ledger, including cryptocurrencies and stablecoins. The order promotes the responsible growth and use of digital assets across all sectors of the economy.
The order prohibits the establishment, issuance, circulation, and use of Central Bank Digital Currencies (CBDCs) within the United States, except to the extent required by law. It also establishes a President’s Working Group on Digital Asset Markets to recommend regulatory and legislative proposals for advancing digital asset policies.