The U.S. Department of Commerce’s International Trade Administration, President Joe Biden, said in a statement released Thursday. bitcoin and cryptocurrency He is seeking public comment on how he might respond to a presidential order on the issue.
Cryptocurrency Orders Working On The Ministry Of Commerce Published In March
The presidential order called on the Department of Commerce, State Department, Treasury Department and other US departments and agencies to establish a framework to increase US economic competitiveness in the digital asset sector. The order was issued in March.
The Department of Commerce seeks comment on a wide range of questions in its request, particularly regarding the global competitiveness of US digital asset businesses, comparisons with traditional financial services and financial inclusion considerations, and technological considerations.
Written comments must be submitted on or before 00:00 Turkish time on July 6th.
The following statements were included in Biden’s presidential order:
“The United States must maintain its technological leadership in this rapidly growing space by supporting innovation while mitigating risks to consumers, businesses, the wider financial system and the climate. It should also play a leading role in the international engagement and global management of digital assets, consistent with democratic values and the global competitiveness of the United States.”
In addition, the following decisions were made by Biden in the executive order:
- Maintain Global Financial Stability and Mitigate Systemic Risk.
- Mitigate Illegal Finance and National Security Risks from Illegal Use of Digital Assets
- Promote US Leadership in Technology and Economic Competitiveness to Strengthen US Leadership in the Global Financial System.
- Promote Equal Access to Safe and Affordable Financial Services.
- Promote Technological Advances and Ensure Responsible Development and Use of Digital Assets and mitigate adverse climate impacts.
- Explore the US Federal Reserve Digital Currency (CBDC)
*Not investment advice.