White House Releases 'First-Ever' Framework for Digital Asset Development — Crypto Industry Leader Says Recommendations Are UnclearThe White House has now released what it called its “first-ever” comprehensive framework for the responsible development of digital assets just over six months after U.S. President Joe Biden signed an executive order on the same matter. However, one crypto industry leader has lamented the lack of clarity and understanding of the technology in the White House’s fact sheet. The six key priorities identified in the March 9 EO are consumer and investor protection, financial stability, countering illicit finance, the United States’ leadership in the global financial system, financial inclusion, and responsible innovation. According to the White House fact sheet, nine reports articulating a “clear framework for responsible digital asset development and [paving the] way for further action at home and abroad” have since been submitted to President Biden. In addition to advocating for orderly digital asset development, the nine reports are also said to identify roles government agencies must play to help American companies.

Source: Ethiopian News September 18, 2022 00:10 UTC