Commerce Department seeks public comment on U.S. crypto competitiveness framework

Commerce Department seeks public comment on U.S. crypto competitiveness framework

The request is in response to Joe Biden's March executive order calling on agencies to coordinate their handling of digital assets.

The U.S. Department of Commerce's International Trade Administration is seeking public comment on how to respond to President Joe Biden's executive order on crypto, according to a release issued Thursday.

  • The executive order called on Commerce, the State Department, the Treasury Department and other U.S. departments and agencies to establish a framework for improving U.S. economic competitiveness in digital assets. It was issued in March.
  • In its request, the Commerce Department specifically seeks comments on a broad range of issues related to the global competitiveness of U.S. companies in the digital asset space, comparisons to traditional financial services and financial inclusion considerations, and technology considerations.
  • Written comments must be received by July 5 at 5 p.m. Eastern Time.