Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
A new U.S. strategy to promote financial inclusion isn't leaning on crypto as an option, but it did briefly mention the technology as a risk.
The Biden administration push comes as Vice President Kamala Harris has been warming up to crypto during her presidential election bid.to help people get access to the financial system, but the 35-page report references cryptocurrency only once – to tout Treasury's work on flagging the industry's hazards.Bitcoin Option Volumes Soar, Institutions Eye $100K BTC Post-U.S.
The Biden administration's Treasury Department noted in the Tuesday report that it"cultivates financial inclusion by developing and promoting research," and — to that end — it had issued a report in 2022 on the"risks related to digital assets." "Access to safe, affordable financial products and unbiased information can help all Americans pursue financial security," Treasury Secretary Janet Yellen is set to say at a banking event in New York on Tuesday, according to her prepared remarks in which she'll call for the bankers'"active partnership" in the new strategy.. That's been among the core selling points, for instance, from industry lobbyists as they explain digital assets to lawmakers and regulators.
Liberal-leaning groups such as the Center for American Progress have argued that the claim from crypto advocates about its benefits for financial inclusion"It's unclear whether the vice president's office would have had any say in the Treasury's latest strategy, though it would seem to contrast with the crypto openness her campaign has been signaling.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasury Department now using AI to save taxpayers billions of dollarsRob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
Read more »
Russian Influencer ‘Queen of Crypto’ Facing $22M Crypto Fraud Allegations: ReportCrypto Blog
Read more »
Crypto Today: Bitcoin, Ethereum and XRP fall despite key partnership announcements in cryptoJupiter (JUP) broke out of its downward trend on October 14.
Read more »
Crypto.com Overtakes Coinbase to Dominate North American Crypto Trading, Data ShowsAs the senior analyst at CoinDesk, James specializes in Bitcoin and the macro environment. Previously, his role as a research analyst at Swiss hedge fund Saidler & Co. introduced him to on-chain analytics. He monitors ETFs, spot and futures volumes, and flows to understand Bitcoin.
Read more »
Crypto Wallet Provider Issues Important Alert to Crypto Users: DetailsCrypto wallet provider Ledger has issued security alert to its users
Read more »
Crypto for Advisors: Crypto as a Growth DriverNathan McCauley is the co-founder and CEO of Anchorage Digital.
Read more »