This order launches the “Genesis Mission” as a dedicated, coordinated national effort to unleash a new age of AI‑accelerated innovation and discovery that can solve the most challenging problems of this century. The Genesis Mission will build an integrated AI platform to harness Federal scientific datasets — the world’s largest collection of such datasets, developed over decades of Federal investments — to train scientific foundation models and create AI agents to test new hypotheses, automate research workflows, and accelerate scientific breakthroughs. The Genesis Mission will bring together our Nation’s research and development resources — combining the efforts of brilliant American scientists, including those at our national laboratories, with pioneering American businesses; world-renowned universities; and existing research infrastructure, data repositories, production plants, and national security sites — to achieve dramatic acceleration in AI development and utilization.
Banks are already going to the blockchain in various ways, with some already holding cryptocurrencies for operational needs and others planning to launch stablecoins or offer crypto custody services in the near future, potentially as early as 2026. The timeline for widespread adoption will likely be staggered, with some institutions leading the way while others may lag due to size or regulatory challenges.
Current adoption and short-term plans
Operational crypto holdings:The U.S. Office of the Comptroller of the Currency (OCC) has clarified that national banks can hold cryptocurrencies for operational purposes, such as paying network fees (gas fees) on blockchains.
Stablecoin development:Several major U.S. banks, including Bank of America, Citigroup, and JPMorgan, are actively exploring or developing stablecoins for digital payments.
Crypto custody services:Citi aims to launch a crypto custody service in 2026.
Retail client access:Some banks, like Morgan Stanley, are starting to provide retail clients with access to trade cryptocurrencies like Bitcoin, Ethereum, and Solana, with potential expansion to additional account types in the near future.
Factors influencing the pace of adoption
Regulatory environment:Regulatory clarity is a key driver for banks to move forward. Recent guidance from the OCC has helped clear some boundaries for traditional finance in the crypto space.
Competitive pressure:Banks are motivated to adopt blockchain technology to remain competitive and to offer faster, cheaper transactions, especially in areas like cross-border payments.
Infrastructure and technology:Adopting blockchain at scale requires significant technological infrastructure, including high-performance computing, storage, and low-latency connectivity.
Varying capabilities:Smaller regional banks may face more challenges than large institutions in transitioning to the new infrastructure, though technology providers and larger banks may offer services to help them scale.
Banks are beginning to adopt Web3 technologies now, with widespread adoption likely in the next 5-6 years. Many are already exploring areas like stablecoins, crypto custody, and tokenized securities through pilot projects and partnerships, with some services like custody expected to launch in 2026.
Here are key reasons why citizens can currently opt out:
Optional Participation:Web3 applications and services are not mandatory for daily life. Users do not need a crypto wallet or an understanding of blockchain to browse the web, use social media, bank online, or access government services.
User Choice and Control:A core principle of Web3 is user sovereignty, meaning individuals control their own data and identity, rather than relying on centralized entities. This means engagement is based on individual choice and consent.
Current State of Development:Web3 is still in its early stages. Tools and knowledge are currently accessible to a relatively narrow band of experts, and user-friendly "killer apps" for the general public are still emerging.
Skepticism and Concerns:Many people are wary of Web3 due to its association with scams, volatility, and security risks, which acts as a major barrier to widespread adoption. The technology is often complex, and many people simply do not care about the underlying mechanics unless there is a clear, simple value proposition.
While the underlying technologies, like blockchain, are seeing increased investment and integration into various industries, a citizen is not required to actively participate in the Web3 ecosystem. The decision to engage is personal, driven by a desire for greater data ownership and security, rather than a universal requirement.
An "Equal Parenting Act" is a legislative proposal to change child custody laws to create a legal presumption that equal (or near-equal) parenting time is in the child's best interest, shifting away from the traditional sole custody model.