By the authority left in 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 digital assets and financial technology while protecting economic freedom, It is by this ordered as follows:
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 direction of our country. It is therefore the policy of my administration to support the growth and use responsible for digital assets, blockchain technology and related technologies in all sectors of the economy, including by:
(i) Protect and promote the capacity of individual citizens and private sector entities to access and use legal purposes to open public blockchain networks without persecution, including the possibility of developing and deploying software, to participate in mining and validation, to be transformed with other people without illegal censorship and maintain self -sufficiency in digital assets;
(ii) the promotion and protection of sovereignty of the US dollar, including through actions aimed at promoting the development and growth of lawful and legitimate stables supported in the world;
(iii) Protect and promote fair and open access to banking services for all citizens and entities in the law respectful of laws;
(iv) Provide regulatory clarity and certainty based on neutral and neutral regulations, executives who take into account emerging technologies, transparent decision -making and regulatory limits of jurisdiction, which are all essential to support a digital economy Dynamic and inclusive in innovation in innovation dynamic and inclusive innovation in innovation in vibrant and inclusive in innovation in innovation in innovation dynamic and inclusive in innovation in innovation in vibrant and digital digital innovation in innovation in innovation in digital active dynamis, channels Blocs without authorization and distributed large book technologies; And
(v) Take measures to protect Americans against the risks of digital currencies of the Central Bank (CBDC), which threaten the stability of the financial system, privacy and sovereignty of the United States, in particular by prohibiting creation, the ‘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 ingredient” refers to any digital representation of the value recorded on a large distributed book, including cryptocurrencies, digital tokens and stablecoins.
(b) The term “blockchain” means any technology where the data is:
(i) shared on a network to create a large public book 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 to perform other functions;
(iii) distributed between the participants in the network automatically to simultaneously update participants in the network on the state of the major public book and any other function; And
(iv) composed of source code accessible to the public.
(c) “Central Bank Currency Digital” designates a form of digital money or monetary value, labeled in the national unit of account, that is to say a direct responsibility of the Central Bank.
Second. 3 and 3 Revocation of decree 14067 and department of the Treasury of July 7, 2022. a) The executive decree 14067 of March 9, 2022 (guaranteeing the responsible development of digital assets) is revoked.
(b) The secretary of the Treasury is responsible for immediately revoking the “Framework for International Commitment to Digital Assets” of the Treasury Department “, published on July 7, 2022.
(c) All policies, directives and guidelines published in accordance with the executive decree 14067 and the framework of the Treasury Department for international engagement on digital assets are canceled or must be canceled by the Secretary of the Treasury, if applicable, in the measure where they are incompatible with the provisions of this order.
(d) The Treasury Secretary takes all appropriate measures to guarantee respect for the policies set out in this order.
Second. 4. Establishment of the president’s working group on the digital asset markets. (A) It is established within the National Economic Council, the president’s working group on the digital asset markets (working group). The working group must be chaired by the special advisor for AI and Crypto (chair). In addition to the chair, the working group must include the following civil servants or their designers:
(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 office;
(VI) The assistant of the President of National Security Affairs;
(VII) The assistant of the President of National Economic Policy (APEP);
(VIII) The assistant of the President of Science and Technology;
(ix) the internal security advisor;
(x) the president of the Securities and Exchange Commission; And
(XI) The president of the future goods trade
Commission.
(XII) According to appropriate and in accordance with the applicable law, the president can invite the heads of other departments and executive agencies (agencies) or other senior officials of the president’s executive office, to attend the meetings of the working group, on The basis of the relevance of their expertise and their responsibilities.
(b) within 30 days of the date of this order, the Ministry of the Treasury, the Ministry of Justice, the Securities and Exchange Commission and other agencies concerned, whose heads are included in the working group, identify All regulations, guidance documents, orders or other elements that affect the digital asset sector. Within 60 days of the date of this order, each agency must submit to the president’s recommendations as to whether each regulation identified, orientation document, order or other element must be canceled or modified, or for other elements that the regulations, adopted in a regulation.
(c) within 180 days of the date of this order, the working group must submit a report to the president, through the APEP, which recommends the regulatory and legislative proposals which advance the policies established in the present order. In particular, the report must focus on the following elements:
(i) The working group will offer a federal regulatory framework governing the issue and operation of digital assets, including stablecoins, in the United States. The working group report must take into account the measures of the structure of the market, surveillance, consumer protection and risk management.
(ii) the working group assesses the potential creation and maintenance of a national stock of digital assets and propose criteria to establish such a stock, potentially derived from cryptocurrencies legally seized by the federal government through its law implementation efforts.
(d) The president must 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 must consult the National Security Council.
(e) According to the appropriate law and in accordance with the law, the working group will hold public hearings and will receive individual expertise from digital asset leaders and digital markets.
Second. 5. Prohibition of digital currencies from the central bank.
(a) Except to the extent required by law, agencies are prohibited from taking action to establish, issue or promote CBDC in the competence of the United States or abroad.
(b) Except to the extent required by law, all current plans or initiatives in any agency linked to the creation of a CBDC within the United States jurisdiction must be immediately terminated, and no other measure can be taken to develop or implement these plans or initiatives.
Second. 6. Seventies. a) If a provision of this order or the application of any provision to a person or a circumstance is considered invalid, the rest of this order and the application of their provisions to any other person or circumstance will not be assigned Thus .
Second. 7. General provisions. a) Nothing in this order should be interpreted as altering or otherwise affect:
(i) the authority granted by law to an executive department, an agency or its head; Or
(ii) the functions of the director of the management and budget office relating to budgetary, administrative or legislative proposals.
(b) This order must be implemented in accordance with the applicable law and subject to the availability of credits.
(c) This order is not intended to create and create a right or advantage, a noun or procedure, enforceable in law or equity by a party against the United States, its departments, agencies or entities, Its officers, employees, or agents, or any other person.
Donald J. Trump
The White House,
January 23, 2025.