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US Treasury Opens Door for Public Comments on Biden’s Crypto Order
The U.S. agency will accept comment letters by Aug. 8 on the president’s March order to establish a regulatory regime for crypto.
Oleh Jesse Hamilton
The U.S. public can now weigh in on President Joe Biden’s order to come up with new rules for the cryptocurrency industry.
In March, the president ordered several U.S. agencies to start work on a comprehensive system to oversee digital assets, and the Treasury Department is now inviting the public to submit comments on what they think it should look like. Letters must be received by Aug. 8, according to the Tuesday announcement.
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“The Treasury Department is seeking to benefit from the expertise of the American people and market participants by soliciting public comment as we engage in this important work,” said Nellie Liang, the Treasury’s undersecretary for domestic finance, in a statement.
Treasury Secretary Janet Yellen must submit a report to the White House in September in response to the president’s order, outlining the implications of the growth of crypto in the U.S. and what she recommends be done about it.
Read more: Digital Dollar Could Be Good for Financial Stability, U.S. Federal Researchers Say
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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