International cooperation framework handed over to Biden

The US Treasury Department stated on Thursday that “the US and its international allies should work together to set uniform rules for the regulation of cryptocurrencies to make it harder for attackers to get away with crime.”

The US should be the leader in discussions of Central Bank tokens

The Treasury Department stated in a press statement that “uneven regulation, monitoring, and compliance across jurisdictions provides arbitrage possibilities and heightens financial stability risks to protect consumers, investors, businesses, and markets.”

The US should continue to collaborate with foreign partners and take the lead in debates regarding digital payment infrastructures in general as well as central bank digital currencies, or CBDCs.

Although no final decision has been taken, the Federal Reserve is looking into the prospect of setting up a CBDC in the US, and the Treasury Department has pledged to keep working within a number of significant intergovernmental organizations.