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U.S. Treasury Request for Comments: Crypto Competitiveness – Risks and Opportunities of Digital Assets

U.S. Department of the Treasury | Jul 12, 2022

Request for comments - U.S. Treasury Request for Comments:  Crypto Competitiveness - Risks and Opportunities of Digital AssetsWASHINGTON — The U.S. Department of the Treasury released a notice seeking public comment regarding potential opportunities and risks presented by developments and adoption of digital assets as part of its work under Section 5 of President Joe Biden’s digital assets Executive Order. Section 5 of Executive Order 14067, “Ensuring Responsible Development of Digital Assets,” directs Treasury, in consultation with the Secretary of Labor and other relevant agencies, to report to the President on the implications of development and adoption of digital assets and changes in financial market and payment infrastructures for United States consumers, investors, businesses.

See:  Responsible Development of Digital Assets (Crypto): Decoding Biden’s Executive Order

Nellie Liang, Under Secretary of the Treasury for Domestic Finance:

For consumers, digital assets may present potential benefits, such as faster payments, as well as potential risks, including risks related to frauds and scams. The Treasury Department is seeking to benefit from the expertise of the American people and market participants by soliciting public comment as we engage in this important work.

Through this request for comment (RFC), Treasury is requesting input from the public that will inform its work in carrying out its mandate under section 5(b)(i) of the Executive Order.  This RFC offers an opportunity for all interested parties to provide relevant input, data, and recommendations pertaining to the implications of developments and adoption of digital assets and changes in financial market and payment infrastructures for U.S. consumers, investors and businesses.

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Members of the public are encouraged to submit comments, and comments that respond to the notice will be available on www.regulations.gov.

A copy of the notice is available at Federal Register :: Ensuring Responsible Development of Digital Assets; Request for Comment.

View the original release --> here


NCFA Jan 2018 resize - U.S. Treasury Request for Comments:  Crypto Competitiveness - Risks and Opportunities of Digital AssetsThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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