SIFMA today issued the following statement from SIFMA president and CEO Kenneth E. Bentsen, Jr. regarding the reports released by the Biden Administration under Executive Order 14067—Ensuring the Responsible Development of Digital Assets:
“SIFMA is supportive of the Biden Administration’s attention to and recognition of the need to address the rapidly developing digital asset ecosystem, and its focus on creating more regulatory certainty for all market participants. Any new regulatory framework must allow for ongoing innovation, while also providing investors with protections similar to those that already exist in the securities markets. In addition, any framework should ensure a level playing field for all market participants, following the principle of ‘same risk, same activity, same treatment.’ We welcome the reports’ calls for continued policy engagement and dialogue and encouragement of interagency coordination and communication. We look forward to continuing our engagement with Congress, the administration and regulators on these important issues moving forward.”
SIFMA previously:
- provided comments to the Department of Treasury on Ensuring Responsible Development of Digital Assets.
- submitted a letter responding to the recent discussion paper published by the Board of Governors of the Federal Reserve System entitled ‘The U.S. Dollar in the Age of Digital Transformation.’
- provided comments to The Department of Commerce on Developing a Framework on Competitiveness of Digital Asset Technologies.
