United States of America: Consultation Opened on Framework on Competitiveness of Digital Asset Technologies

On 19 May 2022, the International Trade Administration of the US Department of Commerce opened a consultation on its Framework on Competitiveness of Digital Asset Technologies. The Framework was established as tasked by Section 8(b)(iii) of Executive Order 14067, entitled "Ensuring Responsible Development of Digital Assets,” dated 9 March 2022. The Framework is intended to enhance US competitiveness in digital asset technologies. The consultation includes 17 questions to be answered by the public on the issues of competitiveness, the comparison to traditional financial services, and technological development. The consultation will close on 5 July 2022.