The U.S. Treasury Department's new strategy for financial inclusion mentions crypto only as a risk, reflecting a cautious approach to digital assets amidst ongoing discussions.
Vice President Kamala Harris, while campaigning, has shown support for cryptocurrency, but the administration's Treasury seems to prioritize caution in its evaluation of digital assets.
Treasury Secretary Janet Yellen emphasized the need for safe financial products and a partnership with banks, underscoring the administration's focus on traditional financial inclusion over crypto.
Despite crypto's potential as a low-barrier entry into finance, the Treasury has not been swayed by the industry's arguments for inclusion in their financial strategy.
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