The U.S. Treasury Department is seeking public comment on the potential risks and opportunities of digital assets under President Joe Biden’s executive order.
Federal Registervia the website 8 July The public comment request, published on US Department of the Treasury by Tuesday, July 12 shared in the announcement.
According to the announcement US Department of the TreasuryMinister Joe Biden‘of March under the executive order digital assets the potential it brings risks and opportunities about 8 August until seeks comments from the public.
Digital assets pose a greater risk to vulnerable populations The following statements were included in the announcement, which also drew attention to concerns about:
The increase in the use of digital assets and the disparities between communities can present less informed market participants different financial risks or exacerbate inequalities. Ensuring that digital assets do not pose undue risk to consumers, investors or businesses, and as part of efforts to expand access to safe and affordable financial services inhabited by more vulnerable communities, their protection is critical.
U.S. Undersecretary of the Treasury for Domestic Finance Nellie Liang made the following statements on the subject:
Digital assets can present potential benefits for consumers, such as faster payments, as well as potential risks, including risks related to fraud and fraud. The Treasury Department seeks to leverage the expertise of the American public and market participants by soliciting public comments as we conduct this important work.
US President Joe Biden, March per month cryptocurrencies about a executive order had signed. Treasury Minister Janet Yellenunder the executive order of September until the month White House‘a report outlining the effects of the growth of digital assets in the US and what needs to be done about it.