WASHINGTON—The Treasury Department will lay out the risks it perceives cryptocurrencies pose to consumers and the financial system in a series of reports that are set to become public this month, according to people familiar with them.
The reports, which the Treasury is completing and sending to the White House, will feature Treasury’s analysis of crypto markets—without offering many specific policy prescriptions—the people said. Each will focus on one of four topics: the payment system, consumer protections, illicit finance and financial stability. President Biden’s executive order on digital assets earlier this year commissioned the reports, asking other agencies to also produce analysis.
