By the authority vested in me as President of the United States by the Constitution and the laws of the United States of America, and in order to ensure responsible development of digital assets, it is hereby ordered as follows:

Section 1. Definitions.

(a) “Digital asset” means any digital representation of value that can be digitally traded or transferred, and can be used for payment or investment purposes.

(b) “Digital asset platform” means a digital system or network that enables the exchange of digital assets.

(c) “Digital asset service provider” means any person or entity engaged in the business of providing services related to digital assets, such as the custody, trading, or exchange of digital assets.

Section 2. Responsible Development of Digital Assets.

(a) The Secretary of the Treasury, in consultation with the Attorney General, the Secretary of State, and the Chair of the Federal Trade Commission, shall develop and implement a comprehensive strategy to ensure the responsible development of digital assets.

(b) The strategy shall include, but not be limited to, the following elements:

(i) Promoting the responsible use of digital assets by consumers, investors, and businesses;

(ii) Enhancing consumer protection and investor education;

(iii) Establishing principles for responsible digital asset platform development;

(iv) Establishing a regulatory framework for digital asset service providers; and

(v) Developing international standards for digital asset development and use.

Section 3. General Provisions.

(a) Nothing in this order shall be construed to impair or otherwise affect:

(i) the authority granted by law to an executive department or agency, or the head thereof; or

(ii) the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b) This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(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.

BARACK OBAMA

THE WHITE HOUSE,

March 7, 2016.

Executive Order 14067

Executive order signed by U.S. President Joe Biden

Executive Order 14067
“Ensuring Responsible Development of Digital Assets”
Seal of the President of the United States
Type Executive order
Executive Order number 14067
Signed by Joe Biden on March 9, 2022 (2022-03-09)
Summary
Guaranteeing that digital assets are developed in a responsible manner.

Executive Order 14067, officially titled Ensuring Responsible Development of Digital Assets, was signed on March 9, 2022, and is the 83rd executive order signed by U.S. President Joe Biden. The telos of the order is to develop digital assets in a responsible manner. The executive order addresses the potential national security implications of cryptocurrencies.

Provisions

The executive order aims at developing a digital assets policy plan and organize federal regulators’ efforts in this area. The order outlines five main goals, which includes protection of consumers and investors, monetary stability, decreasing financial and national security risks, economic competitiveness, and responsible innovation. It also asks for more work to be done into developing a United States Central Bank Digital Currency (CBDC).

Companies in the digital asset field will likely see policy changes in the form of regulation and enforcement, but it might also give the market and its participants more clarity. The order instructs federal agencies to conduct a wide assessment of existing policies relating to digital assets and to submit reports recommending regulatory and legislative reforms.

The order does not change the way digital assets are governed immediately; nevertheless, it marks the start of a process to develop a regulatory framework that addresses all elements of digital assets. It demonstrates the United States’ acknowledgment of the importance of digital assets and blockchain technology in the global financial system, as well as its intention to remain a leader in the global financial system through responsible payment innovation and digital asset development.

See also

References

External links

Early career

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Office Name Term Office Name Term
White House Chief of Staff Ron Klain 2021–pres. National Security Advisor Jake Sullivan 2021–pres.
White House Deputy Chief of Staff Jen O’Malley Dillon 2021–pres. Deputy National Security Advisor Jonathan Finer 2021–pres.
White House Deputy Chief of Staff Bruce Reed 2021–pres. Homeland Security Advisor Elizabeth Sherwood-Randall 2021–pres.
Counselor to the President Steve Ricchetti 2021–pres. White House Communications Director Kate Bedingfield 2021–pres.
Deputy White House Communications Director Pili Tobar 2021–pres. Senior Advisor to the President Mike Donilon 2021–pres.
Kate Berner 2021–pres. Anita Dunn 2021, 2022-pres.
White House Press Secretary Karine Jean-Pierre 2022–pres.
Director, Public Engagement Keisha Lance Bottoms 2022–pres. Deputy Press Secretary Vacant 2022–pres.
Director, Intergovernmental Affairs Julie Chávez Rodriguez 2021–pres.
Director, Speechwriting Vinay Reddy 2021–pres. Chair, Council of Economic Advisers Cecilia Rouse 2021–pres.
Director, Digital Strategy Rob Flaherty 2021–pres. Director, Domestic Policy Council Susan Rice 2021–pres.
Director, Legislative Affairs Louisa Terrell 2021–pres. White House Cabinet Secretary Evan Ryan 2021–pres.
Director, Presidential Personnel Catherine M. Russell 2021–pres. Director, Oval Office Operations Annie Tomasini 2021–pres.
White House Staff Secretary Neera Tanden 2022-pres. Personal Aide to the President Stephen Goepfert 2021–pres.
Director, Management and Administration Dave Noble 2022–pres. Chief of Staff to the First Lady Vacant 2022–pres.
Director, Scheduling and Advance Ryan Montoya 2021–pres. Director, Office of Science and Technology Policy Arati Prabhakar 2022–pres.
White House Social Secretary Carlos Elizondo 2021–pres. Director, Office of Management and Budget Shalanda Young 2021–pres.
Chief of Staff to the Vice President Lorraine Voles 2022–pres. United States Trade Representative Katherine Tai 2021–pres.
White House Chief Usher Robert B. Downing 2021–pres. Director, Office of National Drug Control Policy Rahul Gupta 2021–pres.
Director, White House Military Office Vacant 2022–pres. Chair, Council on Environmental Quality Brenda Mallory 2021–pres.
(s) Indicates nominee requiring Senate confirmation.


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