Executive Order
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Strengthening American Leadership in Digital Financial Technology
AI Summary:
This is a policy document - specifically an Executive Order about digital financial technology.
This regulation establishes a comprehensive framework for digital asset policy in the United States, focusing on promoting responsible growth of digital technologies while protecting economic interests. The order defines key terms like "digital asset" and "blockchain", establishes a President's Working Group on Digital Asset Markets, and explicitly prohibits the creation of Central Bank Digital Currencies (CBDCs). The regulation aims to support individual and private sector access to blockchain technologies, protect the US dollar's sovereignty, ensure fair banking access, provide regulatory clarity, and protect Americans from potential risks associated with CBDCs. The order revokes a previous executive order and requires agencies to review and potentially modify existing regulations affecting the digital asset sector. Within 180 days, the Working Group must submit a report recommending regulatory and legislative proposals, including a proposed federal regulatory framework for digital assets that addresses market structure, oversight, consumer protection, and risk management.