The Financial Technology Association (FTA) appreciates the opportunity to respond to this request for public comment issued by the United States Department of the Treasury (“Treasury”) regarding recommendations for fostering ongoing payments innovation and the responsible development of digital assets.

The FTA believes that payments innovation in the U.S. holds substantial promise in enhancing consumer and small business financial access, and promoting inclusive and equitable economic growth. FTA is encouraged by the Treasury’s forward-leaning and proactive public engagement on how new financial technologies can enhance and improve payments systems for domestic and global consumers, merchants, and financial market participants.

The following comment is focused on supporting continued payments innovation and increasing payments choice, competition, and security. To this end, we believe that digital assets hold promise in furthering innovation within well-crafted, forward-leaning policy and regulatory frameworks

Read FTA’s full comment letter here.