• April 23, 2024

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US Department of the Treasury Asks for Comments on Digital Assets

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The US Department of the Treasury has asked the public for comments on the potential benefits and risks associated with digital assets.

The request was published on July 8 in accordance with the decree of Joe Biden. According to the latter, the Ministry of Finance should study the impact of cryptocurrencies on the financial system, economic growth and national security.

Nellie Liang, deputy head of the domestic finance department, has said:

“For consumers, digital assets may present potential benefits, such as faster payments, as well as possible risks, including those associated with fraud.”

According to the authors of the document, the main goals of US digital asset policy are the protection of consumers, investors and businesses in the country; protecting the United States and global financial stability, as well as reducing systemic risks; the reduction of national security risks associated with the illegal use of cryptocurrencies and the support for technological advances and more.