• Market Cap: $1,085,677,125,703.84
  • 24h Vol: $27,695,127,703.11
  • BTC Dominance: 47.15%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

US Treasury calls for public comment on digital asset policy, following Biden’s executive order

Jon Hartney by Jon Hartney
July 12, 2022
in Bitcoin, Blockchain, Business, Market
0
US Treasury calls for public comment on digital asset policy, following Biden’s executive order
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

President Joe Biden’s executive order on crypto from March directed the Treasury Department to take the lead among other government agencies in developing policy recommendations.

The United State Department of the Treasury has requested comments from the public on the potential opportunities and risks of digital assets in compliance with President Joe Biden’s executive order from March.

In a Tuesday announcement, the U.S. Treasury said it was asking for input from the public that will “inform its work” in reporting to the president the possible implications of digital assets on the financial markets and payment infrastructures. Biden’s executive order directed the Treasury Department to take the lead among other government agencies in developing policy recommendations aimed at mitigating both systemic and consumer risks around cryptocurrencies.

Related articles

Bitcoin Price Could See Recovery If It Holds This Key Support

Bitcoin Price Could See Recovery If It Holds This Key Support

September 27, 2023
AirBit Club ‘ponzi’ co-founder gets 12 years prison

AirBit Club ‘ponzi’ co-founder gets 12 years prison

September 27, 2023

“For consumers, digital assets may present potential benefits, such as faster payments, as well as potential risks, including risks related to frauds and scams,” said Nellie Liang, Under Secretary of the Treasury for Domestic Finance. “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.”

In the request for comment published in the Federal Register on July 8, Treasury noted that the lack of financial education when handling digital assets could be a factor in rolling out any related policy to vulnerable communities:

“The rise in use of digital assets, and differences across communities, may also present disparate financial risk to less informed market participants or exacerbate inequities. It is critical to ensure that digital assets do not pose undue risks to consumers, investors, or businesses, and to put in place protections as a part of efforts to expand access to safe and affordable financial services experienced by more vulnerable populations.”

The public has until August 8 to submit comments to Treasury on what people believe could be the implications of mass adoption of crypto, both for individual investors and businesses, and the potential impact of introducing new financial products and services. In addition, the government department requested Americans weigh in on potential risks, including losing private keys and the “authenticity of digital assets, including NFTs.”

Related: Biden’s executive order promises great things for the crypto industry — Eventually

On July 7, Treasury delivered to President Biden a framework on crypto for U.S. government agencies to work with their foreign counterparts, in accordance with the executive order. Liang has previously called on Congress to pass legislation around stablecoins, and worked to promote financial literacy of digital assets among people who have limited access to mainstream financial services.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin Price Could See Recovery If It Holds This Key Support

Bitcoin Price Could See Recovery If It Holds This Key Support

by Jon Hartney
September 27, 2023
0

Bitcoin price is consolidating above the $26,000 support BTC could start a recovery wave if it clears the $26,500 resistance...

AirBit Club ‘ponzi’ co-founder gets 12 years prison

AirBit Club ‘ponzi’ co-founder gets 12 years prison

by Jon Hartney
September 27, 2023
0

Convicted fraudster Pablo Renato Rodriguez will also need to serve three years of supervised release after he finishes

Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence

Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence

by Jon Hartney
September 27, 2023
0

In a landmark verdict, Pablo Renato Rodriguez, the co-founder of AirBit Club, has been sentenced to 12 years in prison...

Sam Bankman-Fried’s political donations can be surfaced in trial, rules judge

Sam Bankman-Fried’s political donations can be surfaced in trial, rules judge

by Jon Hartney
September 27, 2023
0

Despite campaign finance charges being dropped in July, the prosecution has been granted permission to present evidence

Bitcoin Price Up 30% Versus Ethereum, New 2023 Lows Incoming?

Bitcoin Price Up 30% Versus Ethereum, New 2023 Lows Incoming?

by Jon Hartney
September 27, 2023
0

Bitcoin price is up 30% versus Ethereum (ETH) in 2023, and bulls appear not to be slowing down, looking at...

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
Bitcoin Price Could See Recovery If It Holds This Key Support

Bitcoin Price Could See Recovery If It Holds This Key Support

September 27, 2023
AirBit Club ‘ponzi’ co-founder gets 12 years prison

AirBit Club ‘ponzi’ co-founder gets 12 years prison

September 27, 2023
Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence

Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence

September 27, 2023
Sam Bankman-Fried’s political donations can be surfaced in trial, rules judge

Sam Bankman-Fried’s political donations can be surfaced in trial, rules judge

September 27, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin Price Could See Recovery If It Holds This Key Support September 27, 2023
  • AirBit Club ‘ponzi’ co-founder gets 12 years prison September 27, 2023
  • Mastermind Behind Massive Crypto Ponzi Scheme AirBit Club Receives 12-Year Prison Sentence September 27, 2023
  • Sam Bankman-Fried’s political donations can be surfaced in trial, rules judge September 27, 2023
  • Bitcoin Price Up 30% Versus Ethereum, New 2023 Lows Incoming? September 27, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$26,251.00-0.34%
  • ethereumEthereum(ETH)$1,594.490.19%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$212.730.72%
  • rippleXRP(XRP)$0.50-0.81%
  • usd-coinUSDC(USDC)$1.00-0.04%
  • staked-etherLido Staked Ether(STETH)$1,594.390.27%
  • cardanoCardano(ADA)$0.245339-0.36%
  • dogecoinDogecoin(DOGE)$0.060695-0.56%
  • solanaSolana(SOL)$18.96-2.56%
  • tronTRON(TRX)$0.0850040.49%
  • ToncoinToncoin(TON)$2.11-3.11%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.160.38%
  • polkadotPolkadot(DOT)$4.00-1.32%
  • matic-networkPolygon(MATIC)$0.51-2.63%
  • litecoinLitecoin(LTC)$63.89-1.31%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.74%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,249.00-0.20%
  • bitcoin-cashBitcoin Cash(BCH)$213.780.95%
  • chainlinkChainlink(LINK)$7.35-1.90%
  • daiDai(DAI)$1.000.04%
  • true-usdTrueUSD(TUSD)$1.00-0.12%
  • leo-tokenLEO Token(LEO)$3.66-3.45%
  • uniswapUniswap(UNI)$4.30-0.11%
  • avalanche-2Avalanche(AVAX)$9.060.54%
  • stellarStellar(XLM)$0.111660-0.67%
  • moneroMonero(XMR)$144.920.13%
  • okbOKB(OKB)$42.94-0.58%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • binance-usdBUSD(BUSD)$1.00-0.04%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.11-0.60%
  • cosmosCosmos Hub(ATOM)$6.97-1.54%
  • hedera-hashgraphHedera(HBAR)$0.048927-2.65%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • filecoinFilecoin(FIL)$3.19-0.55%
  • internet-computerInternet Computer(ICP)$2.98-0.15%
  • crypto-com-chainCronos(CRO)$0.050138-0.63%
  • lido-daoLido DAO(LDO)$1.47-1.09%
  • makerMaker(MKR)$1,418.466.10%
  • quant-networkQuant(QNT)$86.91-1.27%
  • MantleMantle(MNT)$0.389220-0.81%
  • AptosAptos(APT)$5.27-5.37%
  • vechainVeChain(VET)$0.016497-0.80%
  • ArbitrumArbitrum(ARB)$0.820.74%
  • optimismOptimism(OP)$1.291.68%
  • nearNEAR Protocol(NEAR)$1.08-2.13%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.046274-0.49%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,731.220.30%
  • aaveAave(AAVE)$60.91-1.05%
  • BitDAOBitDAO(BIT)$0.592.96%
  • the-graphThe Graph(GRT)$0.087039-1.07%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.23-0.11%
  • algorandAlgorand(ALGO)$0.095682-2.71%
  • usddUSDD(USDD)$1.00-0.05%
  • immutable-xImmutableX(IMX)$0.58-2.90%
  • fraxFrax(FRAX)$1.00-0.08%
  • xdce-crowd-saleXDC Network(XDC)$0.047516-4.14%
  • havvenSynthetix Network(SNX)$2.011.27%
  • blockstackStacks(STX)$0.457186-1.96%
  • theta-tokenTheta Network(THETA)$0.640.10%
  • eosEOS(EOS)$0.57-0.93%
  • radixRadix(XRD)$0.0618014.04%
  • elrond-erd-2MultiversX(EGLD)$24.31-1.91%
  • Bitget TokenBitget Token(BGB)$0.448210-0.41%
  • the-sandboxThe Sandbox(SAND)$0.3026650.27%
  • tezosTezos(XTZ)$0.66-0.32%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • injective-protocolInjective(INJ)$7.211.17%
  • bitcoin-cash-svBitcoin SV(BSV)$30.960.26%
  • axie-infinityAxie Infinity(AXS)$4.51-2.96%
  • render-tokenRender(RNDR)$1.50-0.35%
  • decentralandDecentraland(MANA)$0.297218-0.33%
  • gatechain-tokenGate(GT)$3.87-0.16%
  • fantomFantom(FTM)$0.187591-1.62%
  • thorchainTHORChain(RUNE)$1.741.47%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • neoNEO(NEO)$7.18-0.92%
  • kavaKava(KAVA)$0.62-0.22%
  • paxos-standardPax Dollar(USDP)$1.00-0.10%
  • pax-goldPAX Gold(PAXG)$1,896.64-0.52%
  • tether-goldTether Gold(XAUT)$1,900.83-0.68%
  • ecasheCash(XEC)$0.000024-0.87%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • curve-dao-tokenCurve DAO(CRV)$0.52-0.02%
  • flowFlow(FLOW)$0.441291-1.30%
  • compound-ethercETH(CETH)$32.060.30%
  • Halo CoinHalo Coin(HALO)$0.057345-0.05%
  • convex-crvConvex CRV(CVXCRV)$1.47184.01%
  • frax-shareFrax Share(FXS)$5.810.68%
  • kucoin-sharesKuCoin(KCS)$4.43-1.06%
  • rocket-poolRocket Pool(RPL)$21.58-1.31%
  • Frax EtherFrax Ether(FRXETH)$1,591.540.22%
  • iotaIOTA(MIOTA)$0.148775-1.05%
  • apecoinApeCoin(APE)$1.11-1.63%
  • chilizChiliz(CHZ)$0.057512-1.03%
  • huobi-tokenHuobi(HT)$2.42-0.57%
  • First Digital USDFirst Digital USD(FDUSD)$1.00-0.09%