The Treasury Department has just released the much-anticipated reports required by the White House Executive Order on Ensuring Responsible Development of Digital Assets. The reports, prepared by the Treasury Department together with the Secretary of State, the Secretary of Commerce, the Attorney General and agencies across the government, address numerous topics with respect to the development of digital assets, including whether the U.S. should create a central bank digital currency, the relationship between a CBDC and private digital assets such as stablecoins, consumer protection and illicit finance, and the implications of these innovations for economic growth, financial stability, financial inclusion, national security and the role of the dollar internationally. The reports seek to provide a comprehensive framework for the development of digital assets. Under Secretary Liang will discuss the reports with Timothy Massad, Director of the Mossavar-Rhamani Center for Business and Government’s Digital Assets Policy Project and former chairman of the Commodity Futures Trading Commission.
Read the newly released The Future of Money and Payments Report here: https://home.treasury.gov/system/files/136/Future-of-Money-and-Payments.pdf