The White House’s First Crypto Framework and Missed Opportunities – Law Decoded, September 12-19 By Cointelegraph

The White House’s First Crypto Framework and Missed Opportunities – Decryption Act, September 12-19

By the end of last week, federal agencies Submit results From their six-month work on the main trends of digital asset regulation in the United States. The resulting first-ever crypto framework, which was posted on the White House website, may not contain many surprises or nitty-gritty details, but as part of President Joe Biden’s executive order, it will undoubtedly influence upcoming policy-making decisions.

Perhaps the most important section of the framework is devoted to Central Bank Digital Currencies (CBDCs). She revealed that the administration has already set policy goals for the US CBDC system, but more research is needed on the potential technological basis for this system. However, the intent appears very serious as the Treasury Department will lead an interagency working group with participation of the Federal Reserve, the National Economic Council, the National Security Council and the Office of Science and Technology Policy.

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