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Statement from U.S. Secretary of Commerce Gina M. Raimondo on Responsible Advancement of U.S. Competitiveness in Digital Assets Report Release


Today, following the release of the Department’s Responsible Advancement of U.S. Competitiveness in Digital Assets report, U.S. Secretary of Commerce Gina M. Raimondo issued the following statement:

“The Department’s framework reflects many months of interagency collaboration, public feedback, and research focused on examining key questions facing U.S. economic competitiveness as it relates to advancements in digital assets, including the financial regulatory landscape, U.S. digital asset firms’ international presence, research and development, and potential opportunities for inclusion of underserved populations, among others.

“The framework rests on four pillars. First, the Department supports effective regulatory approaches to address regulatory gaps and support the foundation of a healthy market that fosters competition and responsible innovation in digital assets. Second, the framework highlights the importance of international engagement and trade promotion activities to help cement U.S. industry leadership while also creating new commercial opportunities. Third, meaningful public-private engagement will ensure that digital asset stakeholders across sectors and Federal departments and agencies can regularly meet to discuss issues of import and identify areas where coordination may need to occur. And, finally, the framework acknowledges that sustained U.S. leadership in technological research and development will be key to ensuring future U.S. competitiveness in digital assets and beyond.

“The framework offers a path forward to promote U.S. competitiveness, responsible innovation, and leadership in digital assets. I look forward to engaging with government partners, industry, consumer groups, universities, and civil society as we implement the framework.”