The Office of Science and Technology Policy (OSTP), an executive office of the President of the United States, initiated a study to determine the possibilities of offsetting energy use and climate changes related to digital assets.
On March 9, the President of the United States, Joe Biden, signed a executive order requiring multiple federal agencies to examine the implications of digital assets in six key areas: consumer and investor protection, financial stability, financial inclusion, responsible innovation, US global financial leadership, and fighting illicit financial activity.
As part of the initiative, OSTP invited the general public and other interested parties to share their views on various factors that contribute to the energy use and climate impacts of all types of digital assets and cryptocurrencies.
.@POTUS made clear that digital assets and cryptocurrencies must support our climate goals.
Today, @WHOSTP issued a Request for Information seeking YOUR input on the energy & climate implications of digital assets. Be sure to respond by 5pm ET on May 9. https://t.co/oRLqYHPG9l
— White House Office of Science & Technology Policy (@WHOSTP) March 25, 2022
@POTUS made it clear that digital assets and cryptocurrencies must support our climate goals.
Today, @WHOSTP issued a request for information seeking YOUR opinion on the energy and climate implications of digital assets. Be sure to reply before 5pm ET on May 9th.
President Biden’s executive order requires the OSTP to file a report on digital assets to identify factors that negatively or positively affect energy and climate concerns. According to the official notification
“In particular, this right to information (RFI) seeks feedback on the protocols, hardware, resources, economics, and other factors that shape the energy use and climate impacts of all types of assets.” digital”.
What’s more, OSTP seeks public input on potential benefits of digital assets to address growing energy and climate concerns. According to the announcement, the federal government will use the study’s findings to dictate future developments or industry trajectories related to digital assets.
They have invited the general public and organizations to submit comments by 5:00 p.m. ET on May 9, 2022..
US Treasury Secretary Janet Yellenwhich has historically shared anti-cryptocurrency sentiments, recently acknowledged the “significant role” played by cryptocurrencies:
“There are benefits to cryptocurrencies, and we recognize that payment system innovations can be a healthy thing.”
I see a lot of strength in the American economy. We have an immensely strong job market, historically low unemployment numbers, and consumer spending continues to hold strong. I joined @SquawkCNBC this morning to discuss. pic.twitter.com/NKM1H8fDQC
— Secretary Janet Yellen (@SecYellen) March 25, 2022
I see a lot of strength in the US economy. We have an immensely strong job market, historically low unemployment figures, and consumer spending continues to remain strong. I joined @SquawkCNBC this morning to discuss it.
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