The Biden administration is asking the public how they feel about digital assets and blockchain technology as a means of shaping crypto policy going forward.
In a new government document, the White House Office of Science and Technology Policy (OSTP) asks for the help of the public to identify key areas of the crypto industry that need more research and development.
” [OSTP] Prioritize research and development related to digital assets, including various underlying technologies such as blockchains, distributed ledgers, distributed finance, smart contracts, and related issues such as cybersecurity and privacy (such as cryptographic infrastructure and quantum resistance). Request public comment to help identify. , programmability, and sustainability are related to digital assets. ”
In the document, the White House also asked the public which sectors of the market they believe virtual assets are harming.
“Information on goals, sectors or applications where digital assets may pose risks or harms and examples of where the risks or harms have already manifested…
Where relevant, respondents justify how digital assets pose new risks or harm in advancing underlying goals, sectors, or applications compared to the use of traditional databases and other technologies. It is recommended that the ”
The White House is currently exploring the possibility of creating a Central Bank Digital Currency (CDBC), or a cryptocurrency backed by a country’s central bank, citing what the public thinks about cryptocurrencies. I would like to know. USA CDBC.
“In the public sector, the United States is exploring whether CBDCs can provide a reliable infrastructure to facilitate transactions in a highly digital world…
Respondents are encouraged to explain the methods discussed, if relevant [research and development] This topic may be useful in helping potential US CBDC systems align with US CBDC system policy objectives. ”
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