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Source: Сointеlеgrаph

The administration of US President Joe Biden continues to develop its National Digital Asset Research and Development Program. In a request for information (RFI) dated January 26, which was previewed by the Federal Register, the White House Office of Science and Technology Policy (OSTP) offers comments to help it prioritize the agenda. Individuals and organizations may submit comments of no more than ten pages by March 23.

The White House announced the establishment of the agenda in September, among a large number of next steps after the unveiling of the “first ever” Comprehensive Framework for the Responsible Development of Digital Assets. As such, the new agenda is part of the crypto-related research activities initiated by the Presidential Executive Order (EO) on Ensuring the Responsible Development of Digital Assets issued in March.

Related: Regulators and Industry Leaders React to Biden’s Crypto Decree

The RFI said the agenda aims to “shape a nationwide effort” to develop digital assets and distributed ledger technology. It has also been described as a means to “continue to support research that turns technological breakthroughs into market-ready products” and to “give a boost to basic research”. It said:

“Research and development (R&D) in this area has often been fragmented, with limited consideration of the broader implications, applications, and spillover risks to core innovations. […] A more integrated approach to research and development will provide concrete directions to achieve a holistic vision of a digital asset ecosystem that embodies democratic values ​​and other key priorities.”

The Blockchain Specialist position was added to the OSTP with the passage of the Chips and Science Act in August. The office has studied and reported on the environmental impact of digital assets as part of its EO mandate and has prepared a review of central bank digital currency design options as part of the ongoing and so far inconclusive review of the US digital dollar.

Reactions to Biden’s overarching structure have ranged from lukewarm praise to outright disappointment.

Source: Сointеlеgrаph

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