PANews, October 30 - According to CoinDesk, the U.S. Treasury has developed a new financial inclusion strategy to help people enter the financial system, but this 35-page report mentions cryptocurrency only once, to promote the Treasury's work in labeling the harms of the industry.
Although Vice President Kamala Harris stated during the campaign that she would encourage cryptocurrency as part of her economic agenda, the current administration she is part of has maintained a distance from digital assets. This may be the last time the U.S. Treasury mentions cryptocurrency before the elections next week. The Biden administration's Treasury noted in its report on Tuesday that it 'fosters financial inclusion by developing and promoting research' and has released a report in 2022 on 'risks associated with digital assets.'
It is currently unclear whether the Vice President's office will have any say on the Treasury Department's latest strategy, but this seems to starkly contrast with her previously demonstrated openness to cryptocurrency during the campaign.
