White House Outlines Key Action Items Based On EO Reports Addressing Digital Assets

Takeaways

• The Biden Administration published a Fact Sheet providing steps it and various executive agencies plan to take in addressing the six key objectives outlined in the president's March 9, 2022 Executive Order on Ensuring Responsible Development of Digital Assets (EO).
• The Fact Sheet addresses digital assets from the perspective of protecting consumers, promoting access to new financial technologies, fostering financial stability, advancing responsible innovation, reinforcing U.S. financial leadership and fighting illicit finance.
• The Fact Sheet also provides an update and action items on the ongoing research and development efforts related to a United States Central Bank Digital Currency.