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.

May 19, 2022 at 7:20 p.m. UTC

Updated May 19, 2022 at 7:34 p.m. UTC

President Biden Announces Ban Of Russian Oil Imports Amid War In Ukraine — The U.S. Commerce Dept. is asking for public comments related to Joe Biden’s executive crypto order. (Win McNamee/Getty Images)

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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.

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