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

The U.S. Department of Commerce’s International Trade Administration is asking for 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.

Read more: The US and Europe Can’t Regulate Crypto Alone