Treasury to warn of crypto risks

WASHINGTON — The Treasury Department will lay out the risks it perceives cryptocurrencies pose to consumers and the financial system in a series of reports prepared publicly this month, according to people familiar with the matter. belong to them.

The reports, which the Treasury is completing and sending to the White House, will describe the Treasury’s analysis of the cryptocurrency market — without offering many specific policy provisions — the people said. Each topic will focus on one of four topics: payment systems, consumer protection, illicit finance, and financial stability. President Biden’s Executive Order on Digital Assets earlier this year commissioned the reports, asking other agencies to also provide analysis.

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