Crypto-Assets & Digital Currencies Archives

Coalition Letter to U.S. Senate Committee on Agriculture Regarding Investor Choice and Digital Commodities Legislation

December 9, 2022

As organizations that share a commitment to investor choice, we write to express strong concern that the Digital Commodities Consumer Protection Act (S. 4760), as currently drafted, does not contemplate any safeguards with respect to injured investors’ ability to hold digital commodity issuers, brokers, and affiliated entities, accountable for misconduct. Decades of experience with the…

Comments Regarding the Request for Comment on Digital-asset-related Illicit Finance & National Security Risks

November 3, 2022

Joint Comments to the U.S. Treasury re: the Request for Comment on Digital-asset-related Illicit Finance & National Security Risks.

Comments to Treasury on Ensuring Responsible Development of Digital Assets

August 5, 2022

This request for comments covers two different sets of digital assets: cryptocurrencies, including stablecoins, and central bank digital currencies. We see little to no legitimate use for cryptocurrencies and few, if any, potential benefits that are not heavily outweighed by the high degree of risk, harm, and evasion of consumer protection laws.

Letter to U.S. Treasury Opposing Bank Charter for Stablecoin Issuers

October 28, 2021

Organizations write to express opposition to a bank charter for stablecoin issuers that would give them preemption rights without the full obligations and oversight required for insured depository banks.

Letter to Regulators Regarding Facebook and Cryptocurrency

July 2, 2019

Letter calling on Congress and regulators to impose a moratorium on Facebook’s Libra and related plans until the profound questions raised by the proposal are addressed.

Comments to Federal Reserve Board Regarding Central Bank Digital Currency

May 20, 2022

These comments focus on the perspective of individual consumers, in particular lower income consumers. Our comments assume that a CBDC would take the form identified by the paper that “would best serve the needs of the United States”: one that is privacy-protected, intermediated

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