Follow-up to September 16, 2022 White House Framework on Regulating Cryptocurrency, please see the following documents related to the directive re Ensuring Responsible Development of Digital Assets:
- September 16, 2022 – “The White House Office of Science and Technology Policy (OSTP) is publishing its report, Technical Evaluation for a U.S. Central Bank Digital Currency System, which lays out policy objectives for a potential U.S. CBDC system and analyzes key technical design choices for a U.S. CBDC system. The report also estimates the technical feasibility of building a CBDC minimum viable product and describes how a U.S. CBDC system might affect Federal operations. The report makes recommendations on how to prepare the Federal Government for a U.S. CBDC system. Importantly, the report does not make any assessments or recommendations about whether the U.S. should pursue a CBDC, nor does it make any decisions regarding particular design choices for a potential U.S. CBDC system.”
- September 16, 2022, the U.S. Department of the Treasury published three reports pursuant to Sections 4, 5 and 7 of President Joe Biden’s Executive Order 14067 on “Ensuring Responsible Development of Digital Assets.” The reports address the future of money and payment systems, consumer and investor protection and illicit finance risks. The reports and their recommendations are as follows: Section 4: The Future of Money and Payments; Section 5: Implications for Consumers, Investors, and Businesses; and Section 7: Action Plan to Address Illicit Financing Risks of Digital Assets
- U.S. Department of the Treasury Report, September 2022, The Future of Money and Payments Report Pursuant to Section 4(b) of Executive Order 14067
- June 6, 2022 – U.S. Department of Justice, The Report of the Attorney General Pursuant to Section 8(b)(iv) of Executive Order 14067: How To Strengthen International Law Enforcement Cooperation For Detecting, Investigating, And Prosecuting Criminal Activity Related To Digital Assets
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