The Biden administration urged members of various organizations and individuals involved in digital assets to comment on priority areas for the development of the crypto industry in the U.S.

Public to Discuss Future of Digital Assets in U.S.

The White House Office of Science and Technology Policy (OSTP) released a Request for Information (RFI) on priority research areas for the digital asset industry. According to the White House, this will accelerate the development of a regulatory framework and provide direction for further research in this area.

The RFI says companies whose activities are related to digital assets and private investors will be able to submit comments. Such information should be submitted to the agency in official form until March 23, 2023 and should not exceed ten pages.

The main goal of the U.S. President’s administration is to “shape a whole-of-government effort” in regulating developments related to digital assets and distributed ledger technology (DLT). The document states that future government efforts will focus on supporting research that translates technological breakthroughs into market-ready products.

Recall that the U.S. government began developing a framework for regulating the cryptocurrency market in 2022. Joe Biden signed an executive order on the responsible development of digital assets in March, and a bulletin on key areas of crypto regulation was published in September.

Author: Ana Bustos García
#Cryptocurrency #News