Commerce Dept. Asks for Public Comments on Framework for US Crypto Competitiveness

The request is in response to President Biden’s executive order in March asking for agencies to coordinate their approach to digital assets.

AccessTimeIconMay 19, 2022 at 7:20 p.m. UTC
Updated May 11, 2023 at 6:13 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The U.S. Department of Commerce’s International Trade Administration is seeking public comments on how it can respond to President Joe Biden’s executive order on crypto, according to a notice issued on Thursday.

  • The executive order called for the Commerce, State, Treasury and other U.S. departments and agencies to establish a framework for enhancing U.S. economic competitiveness in the digital asset sector. It was issued in March.
  • In its request, the Commerce Department is specifically asking for comments on a broad range of questions about the global competitiveness of U.S. digital asset businesses, comparisons to traditional financial services and financial inclusion considerations, and technological considerations.
  • Written comments must be received on or before 5 p.m. Eastern Time on July 5.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Nelson Wang

Nelson Wang was CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.