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Financial Services Law Insights and Observations

Treasury solicits comments on digital assets

Federal Issues Digital Assets Agency Rule-Making & Guidance Department of Treasury Biden

Federal Issues

On July 12, the U.S. Treasury Department released a notice seeking public comment regarding potential opportunities and risks presented by digital assets. According to the announcement, Treasury is requesting input that will inform its work in carrying out its mandate under Executive Order 14067, Ensuring Responsible Development of Digital Assets, which directs Treasury, in consultation with the Secretary of Labor and other relevant agencies, to report to President Biden on the implications of development and adoption of digital assets and changes in financial market and payment infrastructures. The notice also seeks feedback from the public on potential risks associated with digital asset markets and how digital assets may benefit or pose risk to vulnerable populations. Comments must be received by August 8.

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