The administration of US President Joe Biden continues to develop its National Digital Asset Research and Development Agenda. In a request for information (RFI) dated January 26 and forwarded to the Federal Register, the White House Office of Science and Technology Policy (OSTP) invites comments to help determine agenda priorities. Individuals and organizations may submit comments up to ten pages in length before March 23.
The White House announced the creation of the agenda in September, among the large number of next steps following its presentation of the “first” Comprehensive Framework for the Responsible Development of Digital Assets. As such, the new agenda is part of the flurry of cryptocurrency-related research activity initiated by the President’s Executive Order (OE) to Ensure the Responsible Development of Digital Assets issued in March.
The RFI claimed that the agenda was intended to “shape a whole-of-government effort” to develop digital assets and distributed ledger technology. It was also described as a means to “continue to support research that translates technological advances into market-ready products” and “advance fundamental research.” He said:
“Research and development (R&D) in this area has often been carried out in a fragmented way, with little consideration of the broader implications, applications and downside risks of the underlying innovations. […] A more comprehensive R&D approach would provide concrete areas of focus to achieve a holistic vision of a digital asset ecosystem that embodies democratic values and other key priorities.”
The blockchain specialist position was added to the OSTP with the passage of the Chips and Science Act in August. The bureau has examined and reported on the effects of digital assets on the environment as part of its EO mandate and prepared a survey of central banks’ digital currency design options as part of the ongoing consideration and so far no conclusive of a US digital dollar.
1/ A few points of context on the new White House Comprehensive Framework for Responsible Development of Digital Assets that was released this morning. (I’ll share more later…) Policymaking is a process. It’s complicated, slow, difficult work. But it matters. And it’s moving.
— Tomicah Tillemann (@TomicahTD) September 16, 2022
Some points of context on the new White House Comprehensive Framework for Responsible Digital Asset Development released this morning. (Policy making is a process. It’s complicated, slow, and difficult work. But it’s important. And it’s moving forward.
Reaction to Biden’s overall framework ranged from tepid praise to outright disappointment.
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