This executive order declares that it is the policy of the United States to support the responsible growth and use of digital assets, blockchain technology and related technologies across all sectors of the economy. This includes protecting and promoting the ability of individual citizens and private-sector entities to access and use for lawful purposes open public blockchain networks, including the ability to develop and deploy software, to participate in mining and validating, to transact with other persons and maintain self-custody of digital assets, and to promote and protect the sovereignty of the United States dollar including promoting the development and growth of dollar-backed stablecoins worldwide. In order to accomplish this goal, the order establishes a working group charged with the responsibility to submit a report to the president recommending a federal regulatory framework governing the issuance and operation of digital assets, including evaluating the potential creation and maintenance of a national digital asset stockpile, potentially derived from cryptocurrencies lawfully seized by the federal government through its law enforcement efforts.
News | January 23, 2025