A task by president Joe Biden to his Department of Commerce, to work across the government in ensuring US leadership in digital asset technologies, is one of many action points as the White House its first “whole-of-government strategy” in the area.
Weighing “an opportunity to reinforce American leadership in the global financial system” against “substantial implications for consumer protection, financial stability, national security, and climate risk”, the presidential office concludes that it is time to move forward on many fronts in a coordinated fashion.
The decision, a so-called executive order, “lays out a national policy for digital assets across six key priorities: consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation,” a statement said.
