Comments Due to NAFCU: Department of the Treasury - Ensuring Responsible Development of Digital Assets

Important Regulatory Dates Add to Calendar 2022-07-25 17:00:00 2022-07-25 17:00:00 Comments Due to NAFCU: Department of the Treasury - Ensuring Responsible Development of Digital Assets NAFCU would like to highlight the following: The RFC states that input received from the public will inform Treasury’s work in carrying out its mandate under section 5(b)(i) of the Executive Order, which requires, among other things, consideration of the conditions that would drive mass adoption of different types of digital assets and the risks and opportunities such growth might present. The RFC notes that Treasury analysis will also take into consideration how digital assets innovation and adoption might promote equitable economic growth, “with an eye toward those most vulnerable to disparate impacts.” The RFC clarifies that the term mass adoption means a scenario where digital assets are accepted and used by the U.S. public on a large scale, which could be evident in the acceptance of cryptocurrencies as a common and regular payment method for goods and services. Comments due to NAFCU: July 25, 2022 Comments due to Treasury: August 8, 2022 Comment now   NAFCU will send comments on behalf of its members to Treasury by its deadline (August 8, 2022). Location NAFCU digital@nafcu.org America/New_York public

NAFCU would like to highlight the following:

  • The RFC states that input received from the public will inform Treasury’s work in carrying out its mandate under section 5(b)(i) of the Executive Order, which requires, among other things, consideration of the conditions that would drive mass adoption of different types of digital assets and the risks and opportunities such growth might present.
  • The RFC notes that Treasury analysis will also take into consideration how digital assets innovation and adoption might promote equitable economic growth, “with an eye toward those most vulnerable to disparate impacts.”
  • The RFC clarifies that the term mass adoption means a scenario where digital assets are accepted and used by the U.S. public on a large scale, which could be evident in the acceptance of cryptocurrencies as a common and regular payment method for goods and services.

Comments due to NAFCU: July 25, 2022

Comments due to Treasury: August 8, 2022

Comment now  

NAFCU will send comments on behalf of its members to Treasury by its deadline (August 8, 2022).