# A disappointed First-Ever comprehensive framework

**Published by:** [xuanling11](https://paragraph.com/@xuanling11/)
**Published on:** 2022-09-16
**URL:** https://paragraph.com/@xuanling11/a-disappointed-first-ever-comprehensive-framework

## Content

The US government published the "First-Ever" comprehensive framework for the responsible development of digital assets. https://twitter.com/CryptoWendyO/status/1570799128325783553 Here is a quick summary of the comprehensive framework: https://twitter.com/RyanSAdams/status/1570774337254461446 Okay, I am kidding here, but what does the government try to offer of such a "First-Ever" framework then?The framework layouts the 7 areas to be considered:Protecting Consumers, Investors, and BusinessesPromoting Access to Safe, Affordable Financial ServicesFostering Financial StabilityAdvancing Responsible InnovationReinforcing Our Global Financial Leadership and CompetitivenessFighting Illicit FinanceExploring a U.S. Central Bank Digital Currency (CBDC)Let's dive in and see how the government really tries to accomplish here:Protecting Consumers, Investors, and BusinessesThis argument builds on top of centralized entities. Rather than hunting criminals, the government should provide education on crypto to the general public and catch up on regulations on centralized digital asset companies.Promoting Access to Safe, Affordable Financial ServicesThe government needs to promote innovation that makes financial services affordable. Fostering Financial StabilityThe government should provide clear distinguishment between centralization and decentralization.Advancing Responsible InnovationTo make innovation accountable, the government needs to be self-accountable first. https://twitter.com/PelosiTracker\_/status/1568331913160720384Reinforcing Our Global Financial Leadership and CompetitivenessThis is not limited to countries but working with crypto organizations to promote decentralization accountability.Fighting Illicit FinanceThe government must provide a security framework for digital assets beyond what it regulates in banks.Exploring a U.S. Central Bank Digital Currency (CBDC)The government needs to emphasize the dangerous surveillance of its citizens to prevent becoming a surveillance state in the future.In conclusionThis is a good starting point to discuss what makes digital assets accessible to citizens and what the government can do to improve the experience for its citizens. Support writer here or join Medium here. Photo by arash payam on Unsplash

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