White House aims to shape international standards for emerging tech and crypto industry.
The Biden administration has released a national standards strategy for critical and emerging technologies, including blockchain and digital identity infrastructure. The strategy prioritizes standards development in eight areas, including distributed ledger technologies and digital identity infrastructure, which could have implications for the crypto industry's KYC and AML compliance. The goal of the strategy is to protect U.S. consumers and the country's role in developing international standards, and it will encourage private-sector and academic participation in pre-standardization research.