The Executive Office of Joe Biden, the President of the United States, the Office of Science and Technology Policy (OSTP), has initiated a survey to recognize the possibility of climate and use of energy linked to digital assets.
An executive order was signed by the current United States president Joe Biden on March 9 that have directed multiple federal organizations to analyze the ramification of digital assets in a total of six areas that include financial stability, responsible innovation, consumer and investor protection, financial inclusion, battling illicit financial activity and the United States’ global financial leadership.
The OSTP, as part of this new initiative, has welcomed stakeholders and the general public to share their opinion and viewpoints on different factors that contribute to and are linked with the usage of energy and the impact of climate with respect to digital assets and cryptocurrencies.
The executive order of US president Biden demands the OSTP to create and present a report on the digital assets and how the identifying factors can positively or negatively affect energy and climate conditions. The office further stated that this Right for Information (RFI) requires information on resources, hardware, economics, protocols and other such factors that directly or indirectly affect the usage of energy and the impact of the climate regarding all kinds of digital assets.
Moreover, the OSTP is also seeking the opinion of the general public to find more about the benefits of virtual and digital undertaking the increasing climate and energy concerns. As per the federal government, the findings of the report will be used to research and address the future developments or the trajectory of the crypto industry. The last date for submitting the public’s opinion remains 5:00 p.m. ET on May 9, 2022.
Janet Yellen, the U.S. Secretary of Treasury who is well-known for her anti-crypto comments, has recently accepted the important role of cryptocurrencies by stating that there are underlying crypto benefits and the payment system can be enriched with the help of crypto technology.