, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system. in March calling on a variety of agencies to look at ways to regulate digital assets, the agencies came up with nine reports, covering cryptocurrency impacts on financial markets, the environment, innovation and other elements of the economic system. said one Treasury recommendation is that the U.S.
The council found that the U.S. and the U.K. are far behind in creating a digital dollar or its equivalent. He said the report sets the stage for the creation of agency regulations and legislation “that can improve the benefit-risk tradeoff associated with cryptocurrencies and related technologies.” Sheila Warren, CEO of the Crypto Council for Innovation, said in an emailed statement that the report “seem to kick the can down the road” she said, “we don’t see clear recommendations.”