White House Issues Executive Order on Ensuring Responsible Development of Digital Assets: Four Things To Know

White House Issues Executive Order on Ensuring Responsible Development of Digital Assets: Four Things To Know

March 17, 2022, Covington Alert

On March 9, 2022, President Biden issued an Executive Order on Ensuring Responsible Development of Digital Assets (“Executive Order” or “Order”). The Executive Order is comprehensive in scope, and addresses both the development of a Central Bank Digital Currency in the United States (“U.S. CBDC”) and the regulation of privately-created digital assets.