The US Department of the Treasury invites comments on digital assets’ development from the public under its March 9, 2022 Executive Order 14067. The issuance of the request for comments (RFC) in question is for “Ensuring Responsible Development of Digital Assets.”
The Department looks to seek “input, data, and recommendations” to explore the risks and opportunities of digital assets’ development and adoption.
“For consumers, digital assets may present potential benefits, such as faster payments, as well as potential risks, including risks related to frauds and scams.” says Under Secretary of the Treasury for Domestic Finance Nellie Liang.
The Department, via the RFC, aims to ensure equitable growth in the digital economy for consumers, investors, and businesses in the US. It also intends to understand the resultant “changes in financial market and payment infrastructure” for the United States economy.
Also read: US Treasury Presents Digital Asset Framework to President Biden
The Treasury wants to proceed with an informed strategy in fulfilling its “mandate under section 5(b)(i)” of the said Executive Order.
