Important News from Last Night and This Morning (August 25 - August 26)

The U.S. Treasury Department establishes Quantum Readiness Task Force to address risks in digital assets and emerging technologies. The U.S. Treasury Department announced the launch of the Quantum Readiness Task Force. This task force is a public-private collaboration mechanism aimed at facilitating the U.S. financial industry's orderly and resilient transition to quantum-resistant technologies, aligning with the G7 Cyber Expert Group's roadmap for post-quantum cryptography migration. The task force will operate through three workstreams: "Industry Collaboration and Post-Quantum Cryptography Migration," "Third-Party and Vendor Preparedness," and "Risks in Digital Assets and Emerging Technologies." It will bring together participants from government, financial institutions, financial market infrastructures, technology vendors, and other private sector entities to focus on identifying critical dependencies, enhancing cryptographic agility and interoperability, strengthening the protection of critical financial infrastructure, and addressing third-party dependencies and implementation challenges related to digital assets. The Thai SEC seeks public feedback on draft regulations for crypto ETFs, initially limited to Bitcoin.