PANews reported on October 30 that according to CoinDesk, the U.S. Treasury Department has developed a new financial inclusion strategy to help people enter the financial system, but cryptocurrency was mentioned only once in the 35-page report to promote the Treasury Department’s work in marking the harms of the industry.
Although Vice President Kamala Harris said during her campaign that she would encourage cryptocurrencies as part of her economic agenda, her current administration has distanced itself from digital assets, and this may be the last time the U.S. Treasury Department mentions cryptocurrencies before next week's election. The Biden administration's Treasury Department noted in its report on Tuesday that it "fosters financial inclusion by developing and promoting research," and to this end it has released a report on "risks associated with digital assets" in 2022.
It’s unclear whether the vice president’s office will have any say in the Treasury Department’s latest strategy, but it would appear to be in stark contrast to the openness to cryptocurrencies she has been showing on the campaign trail.
