Treasury seeks comments on development, adoption of digital assets

A comment period regarding the implications of the development and adoption of digital assets, and changes in financial market and payment infrastructures, is open through Aug. 8.

Published in the Federal Register, the U.S. Treasury Department is seeking public input on Executive Order 14067, “Ensuring Responsible Development of Digital Assets,” which was issued on March 9, 2022.

Specifically, the Treasury Department invites input, data, and recommendations pertaining to the implications of development and adoption of digital assets and changes in financial market and payment infrastructures for U.S. consumers, investors, businesses, and for equitable economic growth.

From the executive order:

Advances in digital and distributed ledger technology for financial services have led to dramatic growth in markets for digital assets, with profound implications for the protection of consumers, investors, and businesses, including data privacy and security; financial stability and systemic risk; crime; national security; the ability to exercise human rights; financial inclusion and equity; and energy demand and climate change.

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