The reports of India Today Crypto News state that an executive order has been passed by the President of the United States, Joe Biden, regarding the different implications of digital assets on the crypto-climate as well as energy resources for sure.
According to the latest news reports, after the order was passed by the President, the Office of Science and Technology Policy or OSTP actually reached out to the general public of the United States for their opinion on the implications. This move was made by the OSTP as a result of the order that was provided by the President.
The Office of Science and Technology or the OSTP is an executive Office that is a part of the President’s Section in the United States. According to the latest news reports, a study was conducted by the OSTP on the orders of the President to know and identify the scope for offsetting the climate changes and energy use that are in relation to the digital assets.
President of United States Signs an Order for Examination of Digital Assets Examination
On the 9th of March, the President signed the order that directed different federal agencies to properly examine and study the different implications of digital assets. The examination was to be done on different areas that were important to the government.
These areas included financial stability, responsible innovation, investor protection, consumer protection, financial inclusion, and the financial leadership of the United States in the global scenario as well as the power of the nation to combat different illicit financial activities that took place in the current ecosystem.
The OSTP managed to examine the general views of the public due to the order of the President and got to know their thoughts about the entire process.
As a part of the initiative, the OSTP invited the general public and other stakeholders to share their viewpoints on various factors that contribute to the energy use and climate impacts of all types of digital assets and cryptocurrencies.
President Biden’s executive order requires OSTP to submit a report on digital assets to identify factors that negatively or positively affect energy and climate concerns. According to the official notice:
“In particular, this Right for Information (RFI) seeks comments on the protocols, hardware, resources, economics, and other factors that shape the energy use and climate impacts of all types of digital assets.”
Apart from that, the OSTP is seeking the opinion of the people regarding the potential benefits of different digital assets when it comes to addressing the different climate and energy concerns that are rising.
According to the proper notice, these findings from the general public will be used by the federal government in order to conduct further studies on the industry trajectories or future developments that are to take place in the digital assets worlds.
Hence, there is simply not a single speck of doubt about the fact that the importance of these opinions of the general public holds a lot of importance since it is going to decide the future of the digital asset space in the United States.
All the people belonging to different organizations in the United States as well as the general public have been invited to make certain comments and submit all the views that they have on this particular topic before May 9, 2022.
After that, the views and comments will be analyzed by the experts and the findings will be used for the betterment of the digital asset space. The U.S. Secretary of the Treasury Janet Yellen, who has historically shared anti-crypto sentiments, recently acknowledged the “significant role” played by cryptocurrencies: “There are benefits from crypto, and we recognize that innovations in the payments system can be a healthy thing.”
Also Read: Janet Yellen Concedes Crypto Has Pros: Treasury is Functioning on Crypto Regulating
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