The U.S. Office of Science and Technology Policy requested a report from the Blockchain Association, which is a lobbying organization for the encryption industry, regarding how to handle the digital asset economy.
The report highlighted the fact that the digital asset economy is not solely due to Bitcoin's underlying encryption. It also emphasized the importance of using peer-reviewed and verifiable data when discussing emissions and climate impacts of cryptocurrency mining. Furthermore, the report indicated that the benefits of central bank digital currency (CBDC) are unclear, and federal regulation has been proposed. The report also suggested that agencies and Congress should focus on proactive measures such as legislation to address centralized stablecoin issuers.
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