Treasury RFC Seeks Input on Digital Assets

The Treasury Department has issued a request for comment (RFC) on the responsible development of digital assets, which fulfils its consultative requirement under President Biden's Executive Order on Ensuring Responsible Development of Digital Assets.

Through the RFC, the Treasury Department seeks public feedback on implications of the development and adoption of digital assets, such as a central bank digital currency (CBDC), and the changes that could be expected in the financial market and payment system, NAFCU noted in its analysis.