CandleFocus Crypto Ghosted in U.S. Treasury Department's New Strategy on Financial Inclusion
2024-10-29
Author: Content Editor
The Biden administration has unveiled a new strategy for promoting financial inclusion in the US, but cryptocurrency is only briefly mentioned in the 35-page report as a risk, highlighting the Treasury Department's work on flagging the industry's hazards. While Vice President Kamala Harris has previously expressed support for crypto during her presidential campaign, the administration seems to be keeping digital assets at arm's length. The report highlights the importance of access to safe and affordable financial products for all Americans. The crypto sector has long touted itself as a means for increasing financial inclusion, but some liberal-leaning groups have disputed these claims. It is unclear if the vice president had any influence over the Treasury's strategy.
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