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The National Digital Asset Research and Development Agenda is still being worked on by the administration of US Vice President Joe Biden who is still in office.
The White House Office of Science and Technology Policy (OSTP) has issued a request for information (RFI) dated January 26 and posted by the Federal Register. OSTP invites comments to help determine which agenda objectives should be prioritized.
As of March 23, individuals and groups can submit comments no longer than ten pages. After its “first” Comprehensive Framework for Responsible Digital Asset Development was presented in September, the White House announced that formulating an agenda would be the next step in the administration’s efforts.
The presidential executive order titled “Ensuring the Responsible Development of Digital Assets,” issued in March, is a boost for research work related to cryptocurrencies, and the new agenda is a component of that activity.
According to the request for information (RFI), the aim of the agenda is to “shape a whole-of-government effort” to create digital assets and distribute ledger technology.
It is also billed as a method for “starting basic research” and “continuing to drive research that turns technological advances into marketable goods.”
It says there: “Research and development (R&D) in this field is often carried out in a disjointed fashion, with little thought given to the broader ramifications, uses, and potential drawbacks of the inventions that are at the core of the field. […] A research and development strategy that takes a more comprehensive approach will provide tangible areas of emphasis that can be used to realize a holistic vision of a digital asset ecosystem that epitomizes democratic principles among other key issues.”
The adoption of the Chips and Science Act in August resulted in the creation of a special post on OSTP for blockchain technology.
As part of its mandate, the office investigates the effects that digital assets have on the environment and prepares reports on those effects. Additionally, as part of ongoing and yet conclusive digital dollar considerations for the United States, the office compiled a survey of central bank digital currency design options.
Responses to Vice President Biden’s broad framework varied from lukewarm support to loud expressions of discontent.
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