InnovationForward

The executive order on crypto has been officially signed! 🖋️ Here’s a summary of the details shared by journalist Eleanor Terret:

The Executive Order establishes the President’s Committee on Digital Asset Markets 🇺🇸 to strengthen U.S. leadership in digital finance 💻💰.

The Committee will develop a federal regulatory framework 🏛️ to govern digital assets, including stablecoins 💵, and evaluate the creation of a strategic national digital asset reserve 🛡️.

The Committee will be chaired by White House AI and Crypto Czar David Sacks 🧠⚡ and include the Secretary of the Treasury, the SEC Chairman 📊, and other key leaders.

The White House AI and Crypto Czar will engage leading experts 👩‍💼👨‍💼 in digital assets and markets to ensure decisions are informed by expertise beyond the government 🌐.

Agencies are directed to identify and recommend regulations or actions that impact the digital asset industry and should be repealed or modified 🔄.

Agencies are prohibited from taking actions to establish, issue, or promote CBDCs 🚫🏦.

The Executive Order repeals the previous administration’s Digital Asset Executive Order ❌ and the Treasury Department’s Plan for International Engagement in Digital Assets, which stifled innovation and undermined U.S. leadership 🌍📉.

#CryptoPolicy 📜 #DigitalFinance 🌟 #InnovationForward 🚀