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BY Jex Exmundo
September 16, 2022
When the White House issued a March executive order calling for all crypto-dependent industries to move towards a more sustainable existence, many individuals in the space were worried about all-out bans. However, with the publication of today’s framework, it’s clear that the administration is more interested in sustainable growth than banning specific tools or technologies.
Aside from the actionable next steps already mentioned, various government agencies are tasked with conducting further research into minimizing the ecological, economic, and cybersecurity risks associated with blockchain technology and related digital asset industries.
Specifically, the Office of Science and Technology Policy and National Science Foundation will develop a “Digital Assets Research and Development Agenda” to kickstart research into topics spanning next-generation cryptography, transaction programmability, cybersecurity, privacy protections, and how to mitigate the environmental impact of digital assets.
Aside from that, part of the framework calls upon all government arms to work together to ensure the digital asset industry grows the right — i.e., sustainable — way.
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