The order will direct federal agencies to examine potential regulatory changes for digital assets.
The moves between crypto companies and government regulators may ease controls on digital assets.
Other countries have taken steps to tighten the rules around crypto advertising.
The CFTC has previously said that the largest coins, Bitcoin and Ether, are considered commodities.
IRS investigators seized $3.5 billion worth of cryptocurrencies tied to financial crimes during fiscal year 2021.
Federal rules allow deductions on crypto losses even if they are bought again shortly after a losing sale.
The Treasury Department is planning to issue preliminary guidance this month on which firms will need to file IRS reports.
Policymakers are divided on how to tax and regulate digital assets along partisan lines.
The Build Back Better bill would have stripped crypto investors of tax mitigation techniques.
It's far from clear what measures will make the final cut.