Executive Order 14067
| "Ensuring Responsible Development of Digital Assets" | |
 | |
| Type | Executive order |
|---|---|
| Executive Order number | 14067 |
| Signed by | Joe Biden on March 9, 2022 |
| 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.[1]
Provisions
The executive order aims to develop 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. 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.[2]
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.[3]
See also
References
- ^ "Ensuring Responsible Development of Digital Assets". Federal Register. March 14, 2022. Retrieved April 20, 2022.
- ^ "Executive Order on Ensuring Responsible Development of Digital Assets". White House. March 9, 2022. Retrieved April 20, 2022.
- ^ "Ensuring the Responsible Development of Digital Assets". U.S. Department of State. March 9, 2022. Retrieved April 20, 2022.
External links
- US Presidential Actions
- Federal Register
- Executive Order on Ensuring a Lawful and Accurate Enumeration and Apportionment Pursuant to the Decennial Census
