WASHINGTON — The U.S. Department of the Treasury announced today that the Financial Literacy and Education Commission (FLEC) would form a new subgroup on digital asset financial education, which will operate alongside the FLEC’s current workstream analyzing the impact of climate change on household and community financial resilience. Through this group, the FLEC will work to develop consumer-friendly, trustworthy and consistent educational materials, tools and outreach to help consumers make informed choices about digital assets.

“History has shown that, without adequate safeguards, forms of private money have the potential to pose risks to consumers and the financial system,” U.S. Under Secretary of the Treasury for Domestic Finance Nellie Liang said. “The Treasury Department will continue to emphasize consumer and investor protection and education as we work to promote responsible innovation in the digital assets space. We’re grateful for the FLEC member agencies who have already started collaborating on this topic and look forward to engaging with them throughout this process.”

Read more at: Treasury Launches Consumer Education Effort on Digital Assets | U.S. Department of the Treasury