A disappointed First-Ever comprehensive framework
The US government published the "First-Ever" comprehensive framework for the responsible development of digital assets.
https://twitter.com/CryptoWendyO/status/1570799128325783553
Here is a quick summary of the comprehensive framework:
https://twitter.com/RyanSAdams/status/1570774337254461446
Okay, I am kidding here, but what does the government try to offer of such a "First-Ever" framework then?
The framework layouts the 7 areas to be considered:
Protecting Consumers, Investors, and Businesses
Promoting Access to Safe, Affordable Financial Services
Fostering Financial Stability
Advancing Responsible Innovation
Reinforcing Our Global Financial Leadership and Competitiveness
Fighting Illicit Finance
Exploring a U.S. Central Bank Digital Currency (CBDC)
Let's dive in and see how the government really tries to accomplish here:
Protecting Consumers, Investors, and Businesses
This argument builds on top of centralized entities.
Rather than hunting criminals, the government should provide education on crypto to the general public and catch up on regulations on centralized digital asset companies.
Promoting Access to Safe, Affordable Financial Services
The government needs to promote innovation that makes financial services affordable.
Fostering Financial Stability
The government should provide clear distinguishment between centralization and decentralization.
Advancing Responsible Innovation
To make innovation accountable, the government needs to be self-accountable first.
https://twitter.com/PelosiTracker_/status/1568331913160720384
Reinforcing Our Global Financial Leadership and Competitiveness
This is not limited to countries but working with crypto organizations to promote decentralization accountability.
Fighting Illicit Finance
The government must provide a security framework for digital assets beyond what it regulates in banks.
Exploring a U.S. Central Bank Digital Currency (CBDC)
The government needs to emphasize the dangerous surveillance of its citizens to prevent becoming a surveillance state in the future.
In conclusion
This is a good starting point to discuss what makes digital assets accessible to citizens and what the government can do to improve the experience for its citizens.