New Cryptocurrency Report from the US Treasury Department!

As will be remembered US President Joe Biden last March cryptocurrencies issued a relevant order.

In this order, the U.S. government crypto- They were asked to do research on the money and submit a report on this issue.

Even though it’s been 6 months since Biden’s order cryptocurrencyThere is no clear roadmap yet.

Cryptocurrency projects and companies await the report on this issue impatiently. US Department of the Treasury Some of these reports have been published.

According to the three published reports, the Treasury Department to cryptocurrencies continue to assess risks, continue enforcement actions, and ensure that the Fed central bank digital currency (CBDC) that is, he recommended that he continue working on the digital dollar.

Treasury Secretary Janet Yellen In an interview with reporters, he said:

“The reports clearly identify the real challenges and risks arising from digital assets used for financial services.

If these risks are mitigated, digital assets and other emerging technologies can offer significant opportunities.

The White House, Treasury, and other executive bodies are ready to do their part to support the Fed’s ongoing analysis and experimentation with the digital dollar.”

Senior government officials Brian Deese and Jake Sullivan In a statement, he stated that the reports highlight concerns about investor protection and the use of cryptocurrencies in illegal activities and focus on how to resolve them:

“Together, we are laying the foundation for a thoughtful and comprehensive approach to mitigating the risks of digital assets and reaping the benefits if proven.

We are committed to working with the digital asset community to shape the future of this ecosystem.”

Government officials are trying to keep the US dollar competitive with the currencies of countries experimenting with CBDCs, such as China. your digital dollar He said he was continuing to weigh in on whether it would be necessary.

The authorities stated that the group formed among the relevant institutions on this subject will meet regularly to further investigate these issues.

Authorities also stated that the digital dollar decision will be final. FED He also stressed that the

However, one of the most important names in the FED’s digital dollar project, Fed Vice Chairman Lael Brainardsaid in a statement last week that the digital dollar is not at the top of the Fed’s agenda.