• US Treasury Requests Public Comment on NFTs

  • The American people may be able to influence future NFT laws. This comes as the US Treasury has issued a request for public comment on digital assets and their possible use in crime.

    This has been a long-running issue in the NFT industry around the world, and this could be an opportunity for the community to be heard.

    Providing Opinions

    The public request consists of 23 questions about the dangers associated with NFTs and proposed government steps to reduce them.

    “The growing use of digital assets in financial activity heightens risks of crimes such as money laundering, terrorist and proliferation financing, fraud and theft schemes, and corruption,” the document said.

    Surprisingly, the document also inquired about the possibility of a Central Bank Digital Currency (CBDC). Several countries, including China, already have one, and for years there has been speculation about the United States adopting one.

    This public request comes only days after the US government issued its first report on the ‘Comprehensive Framework for Responsible Development of Digital Assets,’ and months after President Biden issued an executive order on digital assets. That executive order required federal agencies to begin work on digital asset regulation.

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