Under the authority conferred on me as president by the Constitution and the laws of the United States of America, and in order to promote the leadership of the United States in the fields of digital assets and financial technology While protecting economic freedom, the following is ordered:
Section 1. Objective and policies. (a) The digital asset industry plays a crucial role in innovation and economic development in the United States, as well as in the international leadership of our country. The policy of my administration is therefore to support the growth and use responsible for digital assets, Blockchain technology and associated technologies in all sectors of the economy, especially in:
(i) Protect and promote the ability of individual citizens and private sector entities to access and use LICITS OPEN PUBLIC NETWORKS without persecution, including the ability to develop and deploy software, to participate in mining and validation, to carry out transactions with other people without illegal censorship and to maintain the self -guard of digital assets;
(ii) promote and protect the sovereignty of the US dollar, in particular by actions aimed at promoting the development and growth of lawful and legitimate stable parts backed by the dollar worldwide;
(iii) Protect and promote fair access and open to banking services for all citizens respecting the law and the entities of the private sector;
(iv) Ensure regulatory clarity and certainty based on technologically neutral regulations, executives that take into account emerging technologies, transparent decision -making and well -defined regulatory boundaries, which are all essential to support an economy digital and innovation dynamic and inclusive in digital assets, blockchains without authorization and distributed registry technologies; And
(v) Take measures to protect Americans against the risks linked to digital currencies of central banks (CBDC), which threaten the stability of the financial system, the privacy of individuals and the sovereignty of the United States, in particular by prohibiting the Establishment, emission, traffic, and the use of a CBDC in the jurisdiction of the United States.
Second. 2. Definitions. (a) for the purpose of this order, The term “digital active” refers to any digital representation of value recorded on a large distributed book, including cryptocurrencies, digital tokens and stable parts.
(b) The term “blockchain” means any technology in which the data is:
(i) shared on a network to create a public register of transactions or verified information between the participants in the network;
(ii) linked to the help of cryptography to maintain the integrity of the great public book and perform other functions;
(iii) distributed between the participants in the network in an automated manner to simultaneously inform participants in the network of the State of the Great Public Book and any other function; And
(iv) composed of a source code accessible to the public.
(c) “Central Bank digital currency” means a form of digital or monetary value, denominated in the national account unit, which constitutes a direct liabilities of the Central Bank.
Second. 3. Revocation of Executive decree 14067 and executive of the Treasury Department of July 7, 2022. (a) Decree 14067 of March 9, 2022 (guarantee responsible development of digital assets) is repealed by this.
(b) It is ordered to the secretary of the Treasury to immediately revoke the “Framework for international commitment on digital assets ”, published on July 7, 2022.
(c) All policies, directives and guidelines issued in accordance with decree 14067 and the framework of the Treasury Department for international commitment to digital assets are by this canceled or will be canceled by the Secretary of the Treasury, if applicable, in The measure where they are incompatible with the provisions of this decree.
(d) The secretary of the Treasury will take all appropriate measures to ensure compliance with the policies set out in this decree.
Second. 4.Working group on digital asset markets. (A) It is created within the National Economic Council, the president’s working group on the digital asset markets (working group). The working group will be chaired by the Special advisor for AI and cryptography (president). In addition to the president, the working group will include the following managers, or their representatives:
(i) the secretary of the Treasury;
(ii) the Attorney General;
(iii) the Secretary of Commerce;
(iv) the Secretary of Internal Security;
(v) the director of the management and budget management;
(VI) The president’s assistant for national security affairs;
(VII) The President’s assistant for national Economic Policy (APEP);
(VIII) The assistant of the president for science and technology;
(ix) the internal security advisor;
(x) the president of the Securities and Exchange Commission; And
(XI) The president of the Futures Trading Commodity
Commission.
(XII) If necessary and in accordance with the applicable law, the president may invite the heads of other departments and executive agencies (agencies), or other senior officials from the president’s executive office, to attend the meetings of the group , on the basis of the relevance of their expertise and their responsibilities.
(b) within 30 days of the date of this order, the Treasury Department, the Department of Justice, the Securities and Exchange Commission and the other competent agencies, whose heads are included in the working group, will all identify Regulations, guidance documents, orders or other elements affecting the digital asset sector. Within 60 days of the date of this decree, each agency will submit to the president recommendations as to whether each regulation, guidance document, decree or other identified element must be canceled or modified, or, for elements other than the regulations , adopted in a regulation.
(c) Within 180 days of the date of this decree, the working group will submit a report to the President, through the APEP, which will recommend regulatory and legislative proposals advancing the policies established in this decree. In particular, the report will relate to the following elements:
(i) The working group will offer a federal regulatory framework governing the issue and exploitation of digital assets, including stable parts, in the United States. The working group report will examine the provisions relating to market structure, surveillance, consumer protection and risk management.
(ii) The working group will assess the potential creation and maintenance of a national stock of digital assets and will offer criteria for the establishment of such a stock, potentially derived from cryptocurrencies legally seized by the federal government in the framework of its efforts to apply the law.
(d) The president will appoint an executive director of the working group, who will be responsible for coordinating his daily functions. On issues affecting national security, the working group will consult the National Security Council.
(e) When it is appropriate and in accordance with the law, the working group will hold public hearings and will receive the individual expertise of digital asset leaders and digital markets.
Second. 5. Prohibition of digital currencies of central banks.
(b) Except to the extent required by law, all current plans or initiatives in any agency linked to the creation of a CBDC in the United States jurisdiction will immediately end, and no other measure can be taken for Develop or implement such projects or initiatives.
Second. 6. Divisibility. (a) If a provision of this order, or the application of a provision to a person or a circumstance, is deemed invalid, the rest of this order and the application of their provisions to any other person or circumstance n ‘will not be affected. .
Second. 7. General provisions. (a) Nothing in this prescription should be interpreted as a damage or otherwise affected:
(i) the authority granted by law to an executive department, an agency or its leader; Or
(ii) the functions of the director of the management and budget office relating to budgetary, administrative or legislative proposals.
(b) This decree will be implemented in accordance with the applicable law and subject to the availability of credits.
(c) This order is not intended to create and does not create any right or advantage, substantial or procedural, enforceable in law or equity by any party against the United States, its departments, agencies or entities, its leaders, employees. , or agents, or any other person.
The White House,
January 23, 2025.
