Establishment of the President’s Working Group on Digital Asset Markets.<\/em>(i) the Secretary of the Treasury;<\/p>\n
(ii) the Attorney General;<\/p>\n
(iii) the Secretary of Commerce;<\/p>\n
(iv) the Secretary of Homeland Security;<\/p>\n
(v) the Director of the Office of Management and Budget;<\/p>\n
(vi) the Assistant to the President for National Security Affairs;<\/p>\n
(vii) the Assistant to the President for National Economic Policy (APEP);<\/p>\n
(viii) the Assistant to the President for Science and Technology;<\/p>\n
(ix) the Homeland Security Advisor;<\/p>\n
(x) the Chairman of the Securities and Exchange Commission; and<\/p>\n
(xi) the Chairman of the Commodity Futures Trading Commission.<\/p>\n
(xii) As appropriate and consistent with applicable law, the Chair may invite the heads of other executive departments and agencies (agencies), or other senior officials within the Executive Office of the President, to attend meetings of the Working Group, based on the relevance of their expertise and responsibilities.<\/p>\n
(b) Within 30 days of the date of this order, the Department of the Treasury, the Department of Justice, the Securities and Exchange Commission, and other relevant agencies, the heads of which are included in the Working Group, shall identify all regulations, guidance documents, orders, or other items that affect the digital asset sector. Within 60 days of the date of this order, each agency shall submit to the Chair recommendations with respect to whether each identified regulation, guidance document, order, or other item should be rescinded or modified, or, for items other than regulations, adopted in a regulation.<\/p>\n
(c) Within 180 days of the date of this order, the Working Group shall submit a report to the President, through the APEP, which shall recommend regulatory and legislative proposals that advance the policies established in this order. In particular, the report shall focus on the following:<\/p>\n
\n (i) The Working Group shall propose a Federal regulatory framework governing the issuance and operation of digital assets, including stablecoins, in the United States. The Working Group’s report shall consider provisions for market structure, oversight, consumer protection, and risk management.<\/p>\n (<\/svg> print page 8649)<\/svg><\/span>\n <\/p>\n(ii) The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.<\/p>\n
(d) The Chair shall designate an Executive Director of the Working Group, who shall be responsible for coordinating its day-to-day functions. On issues affecting the national security, the Working Group shall consult with the National Security Council.<\/p>\n
(e) As appropriate and consistent with law, the Working Group shall hold public hearings and receive individual expertise from leaders in digital assets and digital markets.<\/p>\n
\n Sec. 5<\/strong>Prohibition of Central Bank Digital Currencies.<\/em><\/p>\n(a) Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad.<\/p>\n
(b) Except to the extent required by law, any ongoing plans or initiatives at any agency related to the creation of a CBDC within the jurisdiction of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives.<\/p>\n
\n Sec. 6<\/strong>Severability.<\/em>\n Sec. 7<\/strong>General Provisions.<\/em>(i) the authority granted by law to an executive department, agency, or the head thereof; or<\/p>\n
(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.<\/p>\n
(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.<\/p>\n
<\/p>\n (<\/svg> print page 8650)<\/svg><\/span><\/p>\n(c) This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.<\/p>\n
\u2003
Filed 1-30-25; 8:45 am]<\/p><\/div>\n
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