Consumer education effort on digital assets begun, with aim of deflating risks

Digital assets are the focus of a new consumer education effort announced Tuesday by the Treasury Department, which will run in tandem with analysis of the impact of climate change on household and community financial resilience, the agency said.

The Treasury said the effort on digital asset financial education will be coordinated through a subgroup of its Financial Literacy and Education Commission (FLEC). The commission is also already analyzing the impact of climate change.

The agency said FLEC would work to develop “consumer-friendly, trustworthy and consistent educational materials, tools and outreach to help consumers make informed choices about digital assets.”

According to Treasury Under Secretary for Domestic Finance Nellie Liang, consumer and investor protection goes hand-in-hand with “responsible innovation” of digital assets. The agency said financial education on digital assets will “empower Americans to take actions that contribute to their financial well-being and resilience in the short term and over the years to come.”

Treasury Launches Consumer Education Effort on Digital Assets