"Sec. 3. Coordination. The Assistant to the President for National Security Affairs (APNSA) and the Assistant to the President for Economic Policy (APEP) shall coordinate, through the interagency process described in National Security Memorandum 2 of February 4, 2021 (Renewing the National Security Council System), the executive branch actions necessary to implement this order. The interagency process shall include, as appropriate: the Secretary of State, the Secretary of the Treasury, the Secretary of Defense, the Attorney General, the Secretary of Commerce, the Secretary of Labor, the Secretary of Energy, the Secretary of Homeland Security, the Administrator of the Environmental Protection Agency, the Director of the Office of Management and Budget, the Director of National Intelligence, the Director of the Domestic Policy Council, the Chair of the Council of Economic Advisers, the Director of the Office of Science and Technology Policy, the Administrator of the Office of Information and Regulatory Affairs, the Director of the National Science Foundation, and the Administrator of the United States Agency for International Development. Representatives of other executive departments and agencies (agencies) and other senior officials may be invited to attend interagency meetings as appropriate, including, with due respect for their regulatory independence, representatives of the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and other Federal regulatory agencies."

Well, the office of the Vice President is not expressly mentioned. Surely an oversight.

The question most readers might ask, what's that headline all about? Those not thinking that, God bless. 

This link. 

https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/

Hooray! The U.S. of A. is looking at the potential of an official federal digital currency.

That link is to the text of the executive order. From which the headline was extracted.

Presumably, blockchain and all. Should we applaud? Or wait and see? Should we expect the private sector digital currency market to be sidetracked to where our gamer friends can buy Nvidia top of the line graphic processor cards again, with the shortage now caused by bitcoin mining disappearing? If that, how soon?

This is not a guaranteed from-the-Fed-next-week thing. Not exactly.

Ars Technica wrote of the order, March 9, 2022. Where Crabgrass first learned of the interesting step. 

It is not a government action without widespread coverage. To the contrary.

So - too early to know how things can be structured so that Bloomberg and Soros each own a share? Without that, can it be real?

For us as privacy minded individuals, does this mean every digital dollar we use will be tracked - isn't that what blockchain assures as a part of bitcoin reliability? Tracking and validation capability? Will the legal pot shops be able to rely on it, or will you still have to bring Benjamins?

Expect the story to play out, despite Ukraine being an easier report for reporter understanding than such as this? Is Ukraine more important? What about Ukrainian neon? Yesterday's news? Yes, but - The world is full of questions, not answers. 

Another question - with mainstream media obsessed with Ukraine, how are the Iran nuclear negotiations fending? Will we hear of an agreement soon? As a sort of, hey, guess what thing?

Ukraine surely does divert attention. Other big news? MLB will have a full season with yet more teams making the playoffs and the National League adopting the use of designated hitters. Wow, and  gee! But everyone knows of that settlement. No link needed.

___________UPDATE__________

MSN carrying a Forbes item. Reuters. Market Insider. Business Insider. Politico.

https://blockchaintechnology-news.com/2022/03/biden-executive-order-on-cryptocurrency-to-land-this-week/

Linked from the last item -  https://blockchaintechnology-news.com/2022/01/macau-expected-to-become-testbed-for-chinas-digital-yuan/

Of possible interest to some, the Fed has been posting online (not necessarily in chrono order) -

https://www.federalreserve.gov/central-bank-digital-currency.htm

https://www.federalreserve.gov/newsevents/pressreleases/other20220120a.htm 

https://www.federalreserve.gov/newsevents/pressreleases/other20210520b.htm 

And hegemony rocks - with charts:

https://www.federalreserve.gov/econres/notes/feds-notes/the-international-role-of-the-u-s-dollar-20211006.htm
 

..........................................

You want more? Do your own web searching. Enough has already been posted here. 

FURTHER: Actually, one more. With interesting links. One could spend days studying stuff. Or wait and see how the story plays out in the next few days while keeping it in mind, over time.

........................................

FURTHER: It is hard waiting to see what MTG and Matt Gaetz might have to say of this. Trusted pundits will need to voice their concerns. We can envision digital dollars at the Bobert tavern. Left as tips?

FURTHER: In the spirit of bipartisanship, contemplate Peter Pelosi and Archie Smith adding amounts of digital dollars into their trading portfolios (maintained independent of their spouses, of course)?

FURTHER: Digital dollars bouncing around hither and yon among Starlink satellites, Musk smiling at the traffic? Hackers struggling to keep up?