On 16 September the White House released the Comprehensive Framework for Responsible Development of Digital Assets, offering recommendations designed to protect consumers, advance sustainability efforts, and further national security. A response to President Biden’s March 2022 Executive Order (EO) on cryptocurrency, which called upon federal agencies to produce a total of 21 reports exploring the benefits and risks of digital assets, the framework intensifies activity across the US government on digital assets policy. Just last week, three reports were released by the US Department of the Treasury in response to the EO and a pair of hearings in the Senate probed crucial elements of web3 policy and regulation. This recent redoubling comes on the heels of a busy congressional session in which several bipartisan bills were introduced to bring clarity to the quickly scaling sector. Importantly, policy activity in the US also has implications for other jurisdictions.
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