The White House invited the public to discuss Biden's decree on digital assets
The US Treasury Department announced that it invites the public to discuss the decree US President J. Biden No. 14067. According to Deputy Finance Minister Nelly Liang, the Ministry of Finance is open to discussing this decree so that consumers better understand the benefits and risks of digital assets.
Why did the Ministry of Finance make the discussion of the decree public
After J. Biden signed a decree on March 9 of this year, which outlined the main goals of US policy in the field of digital assets, and its discussion among government agencies began. Now we decided to involve the public in the discussion. All interested parties can comment on the decree until August 8. Thus, the public has 4 weeks to submit their comments and suggestions.
The Ministry of Finance does not want to take risks in this matter, and wants to find out what changes may occur in the market and payment infrastructure in the event of the full implementation of digital assets.
The US is entering a technical recession this year. It may last into 2023. The Biden administration is under harsh criticism from Republicans on the issue of inflation and slowing economic growth. The White House does not want to spoil relations with representatives of the cryptocurrency market, where there is also a tense situation.
Officials want to know what problems may arise after the introduction of digital assets, and how they can be solved. In this regard, the public discussion of the decree can help them. The Presidential Administration also instructed to prepare a report to the Environmental Protection Agency on how cryptocurrencies affect the climate.
What suggestions can the public make during the discussion of the decree
Most likely, they will concern simplifying activities with digital assets, reducing the number of bureaucratic checks and reporting. Business does not want the market to be over-regulated. This is all he demands from the authorities, and he knows perfectly well about the risks and benefits of digital assets.
Author: Dan, analyst Сoin-signal.com Club
https://coin-signal.com/cryptonews/the-white-house-invited-the-public-to-discuss-bidens-decree-on-digital-assets/
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