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

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Win McNamee

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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.

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

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