New Executive Order Lays Out National Policy Framework For Digital Assets And Cryptocurrencies

The Executive Order calls for exploring a U.S. Central Bank Digital Currency and regulatory measures that protect consumers, businesses, and global financial stability.

On March 9, 2022, President Biden signed a sweeping Executive Order titled “ Ensuring Responsible Development of Digital Assets” (the “Executive Order”). The Executive Order gets the ball rolling on federal research of digital assets and cryptocurrencies, as well as a future regulatory framework. However, it is important to note that the Executive Order does not implement any specific new policies, regulations, or restrictions.

The Executive Order calls for the federal government, and numerous agencies to coordinate and begin to developing a national regulatory framework for digital assets and cryptocurrencies.