United States of America: US President signs Executive Order on Strengthening American Leadership in Digital Financial Technology (Order No. 14178)

On 23 January 2025, the President of the United States signed an Executive Order on Strengthening American Leadership in Digital Financial Technology establishing a Presidential Working Group on Digital Asset Markets to support the responsible growth and use of digital assets, blockchain technology. The Working Group is tasked with developing a regulatory framework for digital assets and evaluating the creation of a strategic national digital assets stockpile. Furthermore, the Executive Order prohibits agencies from establishing, issuing, or promoting central bank digital currencies (CBDCs). Finally, the Executive Order revokes Executive Order 14067 of 2022 on Ensuring Responsible Development of Digital Assets, and the Department of the Treasury Framework for International Engagement on Digital Assets of 2022.