{"id":13965,"date":"2022-09-16T19:12:29","date_gmt":"2022-09-16T19:12:29","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/the-white-house-just-released-a-framework-for-regulating-digital-assets\/"},"modified":"2022-09-16T19:12:30","modified_gmt":"2022-09-16T19:12:30","slug":"the-white-house-just-released-a-framework-for-regulating-digital-assets","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/the-white-house-just-released-a-framework-for-regulating-digital-assets\/","title":{"rendered":"The White House Just Released a Framework for Regulating Digital Assets"},"content":{"rendered":"<div>\n<h2 id=\"h-the-alpha\">The Alpha:<\/h2>\n<ul>\n<li>Early in September 2022, the White House published a report calling for more sustainable practices across the blockchain industry.<\/li>\n<li>Now, the White House has offered solutions in the form of a comprehensive framework centered around the \u201cresponsible development of digital assets.\u201d This framework outlines the actionable next steps that will be taken, which include things like:\n<ul>\n<li>Regulators scaling up investigations into digital asset market misconduct, redoubling their enforcement efforts when it comes to existing rules and regulations, and strengthening interagency coordination.<\/li>\n<\/ul>\n<ul>\n<li>The Financial Literacy Education Commission leading public-awareness efforts to help consumers understand the risks involved with digital assets.<\/li>\n<\/ul>\n<ul>\n<li>The Department of Energy, the Environmental Protection Agency, and other agencies tracking \u201cdigital assets\u2019 environmental impacts; developing performance standards as appropriate; and providing local authorities with the tools, resources, and expertise to mitigate environmental harms.\u201d<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2 id=\"h-why-it-matters\">Why it matters<\/h2>\n<p>When the White House issued a March executive order calling for all crypto-dependent industries to move towards a more sustainable existence, many individuals in the space were worried about all-out bans. However, with the publication of today\u2019s framework, it\u2019s clear that the administration is more interested in sustainable growth than banning specific tools or technologies.<\/p>\n<h2 id=\"h-what-s-next\">What\u2019s next<\/h2>\n<p>Aside from the actionable next steps already mentioned, various government agencies are tasked with conducting further research into minimizing the ecological, economic, and cybersecurity risks associated with blockchain technology and related digital asset industries. <\/p>\n<p>Specifically, the Office of Science and Technology Policy and National Science Foundation will develop a \u201cDigital Assets Research and Development Agenda\u201d to kickstart research into topics spanning next-generation cryptography, transaction programmability, cybersecurity, privacy protections, and how to mitigate the environmental impact of digital assets.<\/p>\n<p>Aside from that, part of the framework calls upon all government arms to work together to ensure the digital asset industry grows the right \u2014 i.e., sustainable \u2014\u00a0way.<\/p>\n<h4 id=\"h-further-reading\">Further reading:<\/h4>\n<p>White House to NFT Space: Make Minting Greener<br \/>Art or Investment? The US Government\u2019s New Policy on NFTs<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Alpha: Early in September 2022, the White House published a report calling for more sustainable practices across the blockchain industry. Now, the White House has offered solutions in the form of a comprehensive framework centered around the \u201cresponsible development of digital assets.\u201d This framework outlines the actionable next steps that will be taken, which [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13740,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-13965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The White House Just Released a Framework for Regulating Digital Assets | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/nft\/the-white-house-just-released-a-framework-for-regulating-digital-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The White House Just Released a Framework for Regulating Digital Assets | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"The Alpha: Early in September 2022, the White House published a report calling for more sustainable practices across the blockchain industry. 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