Section Time range Main agency Other Agencies Involved The description Central Bank Digital Currency Section 4(b) 180 days Treasury Secretary Secretary of State, Attorney General, Secretary of Commerce, Secretary of Homeland Security, Director of the Office of Management and Budget, Director of National Intelligence, and heads of other relevant agencies Report on the future of currency and payment systems, including conditions that support broad adoption of digital assets; the extent to which technological innovation may affect these results; and implications for the United States’ financial system, modernization and changes in payment systems, economic growth, financial inclusion, and national security. Section 4(a) N / A Federal Reserve N / A Continue to research and report how CBDCs could improve the efficiency and reduce the costs of existing and future payment systems, as well as whether a CBDC in the United States would affect the ability of monetary policy to function as a tool for macroeconomic stabilization. Section 4(d)(i) 180 days Attorney General Secretary of the Treasury and Chairman of the Federal Reserve Evaluation whether legislative changes would be required to issue a CBDC in the United States. Section 4(d)(ii) 210 days Attorney General Secretary of the Treasury and Chairman of the Federal Reserve Legislative proposal based on the considerations of the report submitted by the Secretary of the Treasury regarding the future of currency and payment systems. Section 5(b)(ii) 180 days Director of the Office of Science and Technology Policy and Chief Technology Officer Secretary of the Treasury, Chairman of the Federal Reserve, and heads of other relevant agencies Technical evaluation the technological infrastructure, capacity and expertise that would be needed in relevant agencies to facilitate and support the introduction of a CBDC system. Consumer protection and financial inclusion Section 5(b)(i) 180 days Treasury Secretary Secretary of Labor and the heads of other relevant agencies, including, as appropriate, the heads of independent regulatory agencies such as the FTC, SEC, CFTC, federal banking agencies, and CFPB Report address the implications of developments and adoption of digital assets and changes in financial market and payment system infrastructures for U.S. consumers, investors, and businesses and assess the risks and opportunities posed by the adoption of digital assets. The report should also include policy recommendations as well as potential regulatory and legislative actions needed to protect U.S. consumers, investors, and businesses. Section 5(b)(iii) 180 days Attorney General Secretary of the Treasury and Secretary of Homeland Security Report on the role of law enforcement in the detection, investigation and prosecution of criminal activities related to digital assets, which will include regulatory and legislative recommendations. Section 5(b)(iv) N / A Attorney General, Chairman of the FTC and Director of the CFPB N / A Consider the extent to which privacy or consumer protection measures in their respective jurisdictions can be used to protect users of digital assets and whether additional measures may be necessary. Section 5(b)(v) N / A Chairman of the SEC, Chairman of the CFTC, Chairman of the Federal Reserve, Chairman of the Board of the Federal Deposit Insurance Corporation and Comptroller of the Currency N / A Consider the extent to which investor and market protection measures in their respective jurisdictions can be used to address the risks of digital assets and whether additional measures may be necessary. Financial stability Section 6(b) 210 days Treasury Secretary COSF Report outlining the specific financial stability risks and regulatory gaps posed by various types of digital assets and providing recommendations for addressing those risks. Illicit financing and national security risks Section 7(b) 90 days Treasury Secretary Secretary of State, Attorney General, Secretary of Commerce, Secretary of Homeland Security, Director of the Office of Management and Budget, Director of National Intelligence, and the heads of other relevant agencies Each agency can submit additional annexes to the National Strategy to Combat Terrorism and Other Illicit Finance (the “Strategy”), providing additional insights into the illicit finance risks posed by digital assets, including cryptocurrencies, stablecoins, CBDCs and trends in the use of digital assets by illicit actors. Section 7(c) 120 days Treasury Secretary Secretary of State, Attorney General, Secretary of Commerce, Secretary of Homeland Security, Director of the Office of Management and Budget, Director of National Intelligence, and the heads of other relevant agencies Coordinated action plan based on the findings of the Strategy to Mitigate Illicit Finance Related to Digital Assets and National Security Risks addressed in the strategy, which will address the role of law enforcement and measures to increase compliance by financial service providers of AML/CFT obligations related to digital assets Activities. Section 7(d) 120 days after completion of each of the National Money Laundering Risk Assessments, National Terrorist Financing Risk Assessments, National Proliferation Financing Risk Assessments and National Counter Strategy Update against terrorism and other illicit financing Treasury Secretary N / A Notify relevant agencies on any pending, proposed or prospective regulations to address the risks of illicit financing of digital assets and to consult these competent bodies to assess the possibilities of mitigating these risks through regulation. International cooperation Paragraph 8(b)(i) 120 days Treasury Secretary Secretary of State, Secretary of Commerce, Administrator of the United States Agency for International Development, and heads of other relevant agencies Framework for inter-agency international engagement with foreign counterparts to promote the adoption of global principles and standards for digital assets. Paragraph 8(b)(ii) 1 year from the establishment of the 8(b)(i) framework Treasury Secretary Secretary of State, Secretary of Commerce, Administrator of the United States Agency for International Development, and heads of other relevant agencies Report to the President on the priority actions taken within the framework and its effectiveness. Section 8(b)(iii) 180 days trade secretary Secretary of State, Secretary of the Treasury and heads of other relevant agencies Framework to enhance and leverage the United States’ economic competitiveness in digital asset technologies. Section 8(b)(iv) 90 days Attorney General Secretary of State, Secretary of the Treasury, and Secretary of Homeland Security Report with strategies to strengthen international law enforcement cooperation to detect, investigate and prosecute criminal activities related to digital assets. Responsible development and use of digital assets Section 5(b)(vii) 180 days Director of the Office of Science and Technology Policy Secretary of the Treasury, Secretary of Energy, Administrator of the Environmental Protection Agency, Chairman of the Council of Economic Advisers, Assistant to the President and National Climate Advisor, and the heads of other relevant agencies Report detailing the links between distributed ledger technology and economic and energy transitions, the effect these technologies can have on combating climate change, and potential impacts on the environment. Section 5(b)(viii) 1 year from submission of report 5(b)(vii) Director of the Office of Science and Technology Policy Secretary of the Treasury, Secretary of Energy, Administrator of the Environmental Protection Agency, Chairman of the Council of Economic Advisers, Assistant to the President and National Climate Advisor, and the heads of other relevant agencies Update the report described in Section 5(b)(vii) of this order, including to fill any knowledge gaps identified in this report.