The United States Treasury Department (US) wants to launch a new initiative to create risk awareness in digital asset investment through educational materials.
It is understood the move is an effort by the Financial Education Commission in collaboration with several other agencies including the Securities Exchange and Commission (SEC) which is beginning to worry about changing asset classes from certain markets to mainstream investments, and this could potentially attract amateur investors.
The agency is convinced, investors need to know how crypto assets work and how they differ from conventional assets.
Of course, such education is targeted at amateur investors who have difficulty accessing financial services.
While the Treasury insists they want to protect investors, their actions for so long have invited a lot of criticism.
The average thinks all the decisions made by the US government have actually blocked the community from accessing investment opportunities in crypto.
For example, the founder of The National Policy Network of Women of Color in Blockchain, Clever Mesidor claims: “If they really focus on financial education and workforce skills, it’s still acceptable. But they are more focused on investor protection. ”
Instead, the Treasury Department denied the allegations.
Clearly, the benefits of using digital assets in cross -border payments are already known to many. But, the steps taken are not to cripple the presence of new technologies and innovations, instead they just want to create investor awareness.
If it is true that the US government wants to educate amateur investors, let it be a knowledge for awareness not a restriction.
Anything, depends on the implementation of the crypto executive order to be signed by US President Joe Biden this week.
