White House Policy Group Finds Digital Assets, DLT Vital for US National Security
A White House policy group highlighted critical emerging technologies for US national security in an updated report on Monday.
The Fast Track Action Subcommittee’s report categorized distributed ledger technologies (DLT), digital assets, and digital payment technologies under “data privacy, data security, and cybersecurity technologies.” Additionally, it included privacy-enhancing technologies, artificial intelligence, advanced computing, and human-machine interfaces as other important areas.
Tuesday’s list isn’t the first mention of digital assets by the policy group — although the categorization has been updated.
Yesterday the @WhiteHouse updated the list of critical and emerging technologies. This is separate from the critical technologies list from @DoDCTO and the list of key technology focus areas in the CHIPS & Science Act.
While these don't always overlap (see below), they provide a… pic.twitter.com/EBqkmeBruZ
— Divyansh Kaushik (@dkaushik96) February 13, 2024
Emerging Tech Areas Offer Insights Into Investments
The National Science and Technology Council first established the subcommittee in 2020. Its purpose was to pinpoint critical and emerging technologies for national security purposes. In its last update in 2022, the unit categorized digital assets and DLT under “financial technologies.”
Divyansh Kaushik, associate director for emerging technologies at the Federation of American Scientists, highlighted that the list offers insight into how both Congress and the executive branch prioritize investments and talent development in specific domains.
Roadmap to Technological Leadership
The list highlights innovative technologies shaping American innovation and bolstering national security. It also serves as a roadmap for enhancing US technological leadership, fostering alliances, attracting diverse talent, and addressing security threats.
“This list supports our ongoing efforts to grow and strengthen US technological leadership,” Stephen Welby, OSTP Deputy Director for National Security, said in a statement.
“It will also be a useful resource as we continue to engage allies and partners to ensure that CETs yield tangible benefits for society and are aligned with our democratic values.”
The White House’s focus on emerging tech impacts industry policies and asset values. For instance, President Biden’s Executive Order on AI affected crypto markets last year, leading to a drop in AI-related token values.
