FTX's bankruptcy in November left customers and investors facing billions of dollars of potential losses, and several of the company's executives have been charged with various types of financial fraud.
The U.S. Treasury Department says allies must work together to create shared standards for regulating cryptocurrencies so that it's harder for bad actors to get away with crimes.
The order requires an assortment of federal agencies to research, and provide policy recommendations, on topics related to digital currencies, including the feasibility of a U.S. CBDC.