Federal Register / Vol. 87, No. 130 / Friday, July 8, 2022 / Notices 40881 

1https://www.federalregister.gov/documents/ 

2022/03/14/2022-05471/ensuring-responsibledevelopment-of-digital-assets. 

DEPARTMENT OF THE TREASURY 

Debt Management Advisory Committee 

Meeting 

Notice is hereby given, pursuant to 5 

U.S.C. App. 2, 10(a)(2), that a meeting 

will be held at the United States 

Treasury Department, 15th Street and 

Pennsylvania Avenue NW, Washington, 

DC on August 2, 2022 at 10:45 a.m. of 

the following debt management 

advisory committee: Treasury 

Borrowing Advisory Committee. 

At this meeting, the Treasury is 

seeking advice from the Committee on 

topics related to the economy, financial 

markets, Treasury financing, and debt 

management. Following the working 

session, the Committee will present a 

written report of its recommendations. 

The meeting will be closed to the 

public, pursuant to 5 U.S.C. App. 2, 

10(d) and Public Law 103–202, 

202(c)(1)(B) (31 U.S.C. 3121 note). 

This notice shall constitute my 

determination, pursuant to the authority 

placed in heads of agencies by 5 U.S.C. 

App. 2, 10(d) and vested in me by 

Treasury Department Order No. 101–05, 

that the meeting will consist of 

discussions and debates of the issues 

presented to the Committee by the 

Secretary of the Treasury and the 

making of recommendations of the 

Committee to the Secretary, pursuant to 

Public Law 103–202, 202(c)(1)(B). 

Thus, this information is exempt from 

disclosure under that provision and 5 

U.S.C. 552b(c)(3)(B). In addition, the 

meeting is concerned with information 

that is exempt from disclosure under 5 

U.S.C. 552b(c)(9)(A). The public interest 

requires that such meetings be closed to 

the public because the Treasury 

Department requires frank and full 

advice from representatives of the 

financial community prior to making its 

final decisions on major financing 

operations. Historically, this advice has 

been offered by debt management 

advisory committees established by the 

several major segments of the financial 

community. When so utilized, such a 

committee is recognized to be an 

advisory committee under 5 U.S.C. App. 

2, 3. 

Although the Treasury’s final 

announcement of financing plans may 

not reflect the recommendations 

provided in reports of the Committee, 

premature disclosure of the Committee’s 

deliberations and reports would be 

likely to lead to significant financial 

speculation in the securities market. 

Thus, this meeting falls within the 

exemption covered by 5 U.S.C. 

552b(c)(9)(A). 

The Office of Debt Management is 

responsible for maintaining records of 

debt management advisory committee 

meetings and for providing annual 

reports setting forth a summary of 

Committee activities and such other 

matters as may be informative to the 

public consistent with the policy of 5 

U.S.C. 552(b). The Designated Federal 

Officer or other responsible agency 

official who may be contacted for 

additional information is Fred 

Pietrangeli, Director for Office of Debt 

Management (202) 622–1876. 

Dated: July 1, 2022. 

Frederick E. Pietrangeli, 

Director (for Office of Debt Management). 

[FR Doc. 2022–14530 Filed 7–7–22; 8:45 am] 

BILLING CODE 4810–25–P 

DEPARTMENT OF THE TREASURY 

Ensuring Responsible Development of 

Digital Assets; Request for Comment 

AGENCY: Departmental Offices, Treasury. 

ACTION: Request for comment. 

SUMMARY: This notice invites interested 

members of the public to provide input 

pursuant to Executive Order 14067 of 

March 9, 2022, ‘‘Ensuring Responsible 

Development of Digital Assets.’’ In 

particular, the Department invites input, 

data, and recommendations pertaining 

to the implications of development and 

adoption of digital assets and changes in 

financial market and payment 

infrastructures for United States 

consumers, investors, businesses, and 

for equitable economic growth. 

DATES: Comments must be received on 

or before August 8, 2022. 

ADDRESSES: You may submit comments 

via the Federal eRulemaking Portal: 

www.regulations.gov. Follow the 

instructions on the website for 

submitting comments. 

In general, all comments will be 

available for inspection at 

www.regulations.gov. Comments, 

including attachments and other 

supporting materials, are part of the 

public record. Do not submit any 

information in your comments or 

supporting materials that you consider 

confidential or inappropriate for public 

disclosure. 

FOR FURTHER INFORMATION CONTACT: 

Natalia Li, Deputy Director, Office of 

Financial Institutions Policy, 202–622– 

1388, natalia.li@treasury.gov; Amanda 

Shulak, Attorney-Advisor, Office of 

General Counsel, 202–622–8906, 

amanda.shulak@treasury.gov. 

SUPPLEMENTARY INFORMATION: 

I. Background 

Executive Order 14067 of March 9, 

2022, ‘‘Ensuring Responsible 

Development of Digital Assets’’ 

(hereafter ‘‘Executive Order’’) (87 FR 

14143; March 14, 2022), outlines 

principal U.S. policy objectives with 

respect to digital assets.1 These 

principal policy objectives are: 

a. Protection of consumers, investors, 

and businesses in the United States 

b. Protection of United States and global 

financial stability and the mitigation 

of systemic risk 

c. Mitigation of illicit finance and 

national security risks posed by 

misuse of digital assets 

d. Reinforcement of U.S. leadership in 

the global financial system and in 

technological and economic 

competitiveness, including through 

the responsible development of 

payment innovations and digital 

assets 

e. Promotion of access to safe and 

affordable financial services 

f. Support of technological advances 

that promote responsible 

development and use of digital assets 

Section 5(a) provides that the 

increased use of digital assets and 

digital asset exchanges and trading 

platforms may increase the risks of 

crimes such as fraud and theft, other 

statutory and regulatory violations, 

privacy and data breaches, unfair and 

abusive acts and practices, and other 

cyber incidents faced by consumers, 

investors, and businesses. The rise in 

use of digital assets, and differences 

across communities, may also present 

disparate financial risk to less informed 

market participants or exacerbate 

inequities. It is critical to ensure that 

digital assets do not pose undue risks to 

consumers, investors, or businesses, and 

to put in place protections as a part of 

efforts to expand access to safe and 

affordable financial services 

experienced by more vulnerable 

populations. 

Section 5(b)(i) directs the Secretary of 

the Treasury, in consultation with the 

Secretary of Labor and the heads of 

other relevant agencies, including, as 

appropriate, the heads of independent 

regulatory agencies, such as the FTC, 

the SEC, the CFTC, Federal banking 

regulators, and the CFPB, to report to 

the President on the implications of 

development and adoption of digital 

assets and changes in financial market 

and payment infrastructures for United 

States consumers, investors, businesses, 


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