President Biden’s March 9 Executive Order (EO) on Ensuring Responsible Development of Digital Assets outlined the first whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology.
Over the past six months, government agencies have worked together to develop frameworks and policy recommendations that advance the six key priorities identified in the EO: consumer and investor protection, promoting financial stability, countering illicit finance, U.S. leadership in the global financial system and economic competitiveness, financial inclusion, and responsible innovation.
The nine reports submitted to the President to date have informed the creation of the “First-Ever Comprehensive Framework for Responsible Development of Digital Assets.”
It’s not a quick read, but it is required reading. Some of these ideas will command your immediate attention.
Author’s note: This is not a sponsored post. I am the author of this article and it expresses my own opinions. I am not, nor is my company, receiving compensation for it.