Executive Order 14178 sets a federal digital-asset policy and creates a presidential working group

What changed

The President revoked the prior digital-assets executive order, barred agencies from taking action to establish or promote a U.S. central bank digital currency, and created a working group to recommend a federal digital-asset framework. The order directs executive-branch policy but does not itself authorize an adviser product or override statutes and independent-agency rules.

Who it affects

• Federal financial regulators and executive departments
• Advisers, clients, issuers, custodians, and trading venues monitoring policy direction

What is still open

• Which recommendations will be implemented by rule, order, guidance, or legislation
• How independent agencies will act within their statutory mandates

What it means for an advisor

• Treat the order as a policy and timing signal
• Map later agency actions back to the order without assuming immediate workflow permission

Previous interpretation

Executive Order 14067 supplied the prior government-wide digital-assets policy framework.