Growing industry needs timely rulemaking from Administration
On Friday, President Biden released a Framework for the Responsible Development of Digital Assets, aggregating agency feedback and reports responding to the President’s crypto executive order. The new framework calls on federal agencies to tackle a range of issues relating to digital assets including consumer protections, financial stability, fostering innovation, protecting the environment, and strengthening national security.
“Consumers, digital asset companies, and lawmakers all want to see more clear regulation of the crypto industry. Depending on how the President’s federal agencies execute this framework, it has the potential to be a win-win-win,” said Chamber of Progress CEO Adam Kovacevich. “The key to success will be agencies pursuing transparent, public rulemaking processes that consider feedback from all stakeholders, including consumers, entrepreneurs, and industry workers.”
As Congress considers how to move forward on crypto regulation, Chamber of Progress has urged lawmakers to pursue a regulatory framework that encourages innovation and protects consumers. Polling from Chamber of Progress shows that Democratic voters – particularly younger Democrats – are more positive towards pro-crypto public policies than Republican voters.
Chamber of Progress (progresschamber.org) is a center-left tech industry policy coalition promoting technology’s progressive future. We work to ensure that all Americans benefit from technological leaps, and that the tech industry operates responsibly and fairly.
Our corporate partners do not have a vote on or veto over our positions. We do not speak for individual partner companies and remain true to our stated principles even when our partners disagree.