The US public now has the opportunity to express their opinions on crypto industry rules. Earlier in May, the president ordered federal agencies to start designing a crypto regulations framework.
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Recently, the Treasury published a release that says interested members of the public can take part in input, data, and recommendations around the development and adoption of digital assets in financial markets and payment infrastructure for investors, businesses, and the economy.
People can submit their comments till August 8, 2022. The Treasury mentions the main opportunities of the industry including benefits of decentralized and disintermediated systems, development of new types of financial products and contracts, potential for approved access, potential opportunities of building wealth, etc. Also, the agency seeks comments on risks and possible impacts. It mentions the risks related to market transparency, data accuracy and reliability, technological, and smart contract risks, etc.