The U.S. Department of the Treasury is seeking public comment on potential opportunities and risks associated with digital assets.
It stems from President Joe Biden’s executive order, “Ensuring Responsible Development of Digital Assets.” The executive order directs the Treasury to report to the president on the implications of developing and adopting digital assets and changes in the financial market and payment infrastructures for consumers, investors, and businesses.
“For consumers, digital assets may present potential benefits, such as faster payments, as well as potential risks, including risks related to frauds and scams,” Under Secretary of the Treasury for Domestic Finance Nellie Liang said. “The Treasury Department is seeking to benefit from the expertise of the American people and market participants by soliciting public comment as we engage in this important work.”
Through this request for comment, Treasury is seeking input from the public to inform its work in carrying out its mandate under the executive order. All interested parties are asked to provide relevant input, data, and recommendations on the implications of developments and adoption of digital assets and changes in financial market and payment infrastructures. Members of the public are encouraged to submit comments. Responses to the notice will be available at www.regulations.gov.