On Tuesday, the U.S. Department of the Treasury announced an open invitation for comments on President Joe Biden’s Executive Order on digital assets.

Aiming to leverage the wisdom of the crowd, the Biden Administration and the U.S. Treasury are asking citizens to comment on Biden’s Executive Order 14067.

“For consumers, digital assets may present potential benefits, such as faster payments, as well as potential risks, including risks related to frauds and scams,” Nellie Liang, Under Secretary of the Treasury for Domestic Finance, said in a statement. “The Treasury Department is seeking to benefit from the expertise of the American people and market participants by soliciting public comment as we engage in this important work.”

The order, “Ensuring Responsible Development of Digital Assets” was signed on March 9 and outlined U.S. policy objectives toward digital assets like Bitcoin, Ethereum, and Stablecoins. It asked multiple government agencies to get on the same page with an eye toward regulating crypto and protecting consumers.

Now the order enters the public input phase. Those looking to comment on Executive Order 14067 have until August 8—just four weeks.

Tuesday’s notice released by the Treasury calls this phase an opportunity for all interested parties to provide relevant input and recommendations on “the implications of development and adoption of digital assets and changes in the financial market and payment infrastructures for United States consumers, investors, businesses, and for equitable economic growth.”

The notice lists the Biden Administration’s…


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