#Bitcoin 

What actually means. Here are the key takeaways from the executive order outlined:

- **Purpose and Policies:**
  - Support for the responsible growth of digital assets, blockchain, and related technologies.
  - Protection of economic liberty by ensuring access to open public blockchain networks without persecution.
  - Promotion of the U.S. dollar's sovereignty, including support for dollar-backed stablecoins.
  - Ensuring fair banking access, regulatory clarity, and protection from risks associated with Central Bank Digital Currencies (CBDCs).

- **Definitions:**
  - "Digital asset" includes cryptocurrencies, digital tokens, and stablecoins.
  - "Blockchain" defined with specific technological attributes.
  - "Central Bank Digital Currency" (CBDC) defined as a digital form of money issued by the central bank.

- **Revocation:**
  - Revocation of Executive Order 14067 and the Department of the Treasury’s Framework for International Engagement on Digital Assets.

- **Establishment of Working Group:**
  - Creation of the President’s Working Group on Digital Asset Markets within the National Economic Council, chaired by a Special Advisor for AI and Crypto.
  - The group includes high-level officials from various departments and agencies to provide recommendations on digital asset regulations and policies.

- **Prohibition of CBDCs:**
  - Explicit prohibition on the establishment, issuance, or promotion of CBDCs by U.S. agencies, both domestically and internationally.

- **Regulatory and Legislative Recommendations:**
  - The Working Group is tasked with proposing a federal regulatory framework for digital assets and evaluating the creation of a national digital asset stockpile from seized cryptocurrencies.

- **General Provisions:**
  - The order ensures that if any part is found invalid, the rest of the order remains enforceable. It clarifies that it does not impair existing legal authorities or create new legal rights.

This executive order reflects a significant policy shift towards supporting innovation in digital assets while explicitly rejecting the concept of CBDCs in the U.S. context.
#Bitcoin