US Treasury Opens Door for Public Comments on Biden’s Crypto Order

The U.S. agency will accept comment letters by Aug. 8 on the president’s March order to establish a regulatory regime for crypto.

AccessTimeIconJul 12, 2022 at 8:40 p.m. UTC
Updated Jul 12, 2022 at 8:57 p.m. UTC

Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.

The U.S. public can now weigh in on President Joe Biden’s order to come up with new rules for the cryptocurrency industry.

In March, the president ordered several U.S. agencies to start work on a comprehensive system to oversee digital assets, and the Treasury Department is now inviting the public to submit comments on what they think it should look like. Letters must be received by Aug. 8, according to the Tuesday announcement.

“The Treasury Department is seeking to benefit from the expertise of the American people and market participants by soliciting public comment as we engage in this important work,” said Nellie Liang, the Treasury’s undersecretary for domestic finance, in a statement.

Treasury Secretary Janet Yellen must submit a report to the White House in September in response to the president’s order, outlining the implications of the growth of crypto in the U.S. and what she recommends be done about it.

DISCLOSURE

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

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.

CoinDesk - Unknown

Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC