Crypto industry reacts as US Treasury fails to add digital assets in new strategy

📆 30/10/2024 00:15:00
📰 FXStreetNews

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In a speech at the ABA Annual Convention on Tuesday, US Treasury Secretary Janet Yellen revealed a new National Strategy for Financial Inclusion (NSFI), but the issue failed to mention crypto in a good light.

Crypto industry members are showing displeasure toward the new US Treasury national strategy for financial inclusion. The strategy addresses new financial approaches but refers to crypto as a risk. With the US presidential elections a few days away, the newly released strategy may negatively affect Kamala Harris' chances.

This comes after reports stated that the US Treasury plans to take debts of $1.3 trillion over the next six months to keep the economy stable. The debt includes $546 billion in this final quarter and another $823 billion in the first quarter of 2025. Democrat candidate Kamala Harris hasn't shown a clear stance toward digital assets, and industry enthusiasts now wonder if she is involved in the US Treasury's final move.

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