U.S. Treasury Department’s new financial inclusion strategy does not mention cryptocurrencies

Odaily Planet Daily Report: The U.S. Department of the Treasury has developed a new financial inclusion strategy to help people enter the financial system, but the 35-page report only mentions once, touting the department's work in flagging the industry's risks. While Vice President Harris expressed during her campaign that she would encourage as part of her economic agenda, the current administration has kept its distance from digital assets, which may be the last time the U.S. Treasury Department mentions before the midterm elections next week. In the report released on Tuesday, the Biden administration's Treasury Department stated that it "fosters financial inclusion by developing and promoting research," and had released a report on "risks associated with " in 2022. Treasury Secretary Yellen will say in a banking industry event in New York on Tuesday that "access to safe, affordable financial products and fair information can help all Americans pursue financial security." According to her prepared remarks, she will call on bankers to "actively engage" in the new strategy. Liberal-leaning groups like the Center for American Progress believe that advocates' claims about its benefits for financial inclusion "do not withstand scrutiny," and the Brookings Institution has also tried to debunk this claim. It is unclear whether the Vice President's office will have any say on the Treasury Department's latest strategy, but it appears to contrast sharply with her open stance towards during the campaign. (CoinDesk)