White House wants feedback on digital asset policy

01/31/2023

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The White House Office of Science and Technology Policy (OST) has begun requesting feedback from individuals and organizations about the use of cryptocurrency exchanges.

As part of the current national digital asset research and development program, it is expected that these reviews and comments will help the government create more effective conditions for managing the development of digital assets.

The Internal Revenue Service (IRS) classifies cryptocurrencies as taxable property, so US financial regulators are constantly showing interest in blockchain and cryptocurrencies. They must ensure that crypto organizations operate in accordance with the requirements of financial laws. An important role in the settlement is played by the Financial Crimes Enforcement Network (FinCEN) – it prevents and punishes crypto crimes related to money laundering and other types of financial fraud.

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