# Public Comment Re: Ensuring Responsible Development of Digital Assets 

Turning a CBDC into a surveillance tool would not only make it unlikely that Americans will wish to use it, but also it would likely spark upset across the country akin to when the Treasury previously proposed monitoring bank accounts at least $600 of annual activity.

November 1, 2022 • Public Comments 

By [Nicholas Anthony](https://www.cato.org/people/nicholas-anthony) and [Ivane Nachkebia](https://www.cato.org/people/ivane-nachkebia) 

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To Whom It May Concern:

We appreciate the opportunity to provide input to assist the U.S. Department of the Treasury (Treasury) in its effort to better understand digital assets (commonly known as cryptocurrencies).

The Cato Institute is a public policy research organization dedicated to the principles of individual liberty, limited government, free markets, and peace, and the Center for Monetary and Financial Alternatives focuses on identifying, studying, and promoting alternatives to centralized, bureaucratic, and discretionary monetary and financial regulatory systems. The opinions we express here are our own. The request for comment offered many interesting questions that will help inform the Treasury’s responses to executive order 14067. However, our comments will only specifically address the following questions: A.2, A.4, B.1, B.2, B.7, B.8, C.2, D.2., D.3, D.4, D.6, D.7, and E.1.

[![pub-comments-10-3122-1.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/2022-10/pub-comments-10-3122-1.jpg?itok=1z76_4kh)](https://www.cato.org/sites/cato.org/files/2022-10/NicholasAnthonyAndIvaneNachkebia_TreasuryCryptocurrency_RFC.pdf) 

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##### Public Comment Re: Ensuring Responsible Development of Digital Assets 

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##### About the Authors 

[![Nicholas Anthony Cropped](/sites/cato.org/files/styles/author_picture/public/2025-02/NicholasAnthony-cropped.jpg?itok=f4HYrot7)](/people/nicholas-anthony) 

##### [Nicholas Anthony](/people/nicholas-anthony)

Research Fellow, Center for Monetary and Financial Alternatives

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](https://x.com/EconWithNick) 

[![Ivane Nachkebia Headshot cropped-1](/sites/cato.org/files/styles/author_picture/public/2026-06/Ivane%20Nachkebia%20Headshot%20cropped-1.jpg?itok=GoypIGZN)](/people/ivane-nachkebia) 

##### [Ivane Nachkebia](/people/ivane-nachkebia)

Research Consultant, Cato Institute

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This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

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