In our comments below, we will focus our responses on questions 2, 5, and 6.
Public Comment Re: Ensuring Responsible Development of Digital Assets
To better facilitate, or encourage, the mass adoption of digital assets (commonly known as cryptocurrency), it might be best to reframe the focus and look at how government policies have discouraged the use of cryptocurrency.
To Whom It May Concern:
We appreciate the opportunity to provide input to assist the Department of the Treasury’s response to Executive Order 14067, “Ensuring Responsible Development of Digital Assets.” The Cato Institute is a public policy research organization dedicated to the principles of individual liberty, limited government, free markets, and peace, and the Center for Monetary and Financial Alternatives focuses on identifying, studying, and promoting alternatives to centralized, bureaucratic, and discretionary monetary and financial regulatory systems. The opinions we express here are our own.
(2) Factors that would further facilitate mass adoption
a. Describe a set of conditions or pre-conditions that would facilitate mass adoption of digital assets in the future. To the extent possible, please cite any public data related to the responses above.
b. What developments in technology, products, services, or markets account for the current adoption of digital assets? Are there specific statutory, technology, or infrastructural developments that would facilitate further adoption?
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