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The U.S. Treasury's new task force marks a significant policy shift toward post-quantum cryptography (PQC) within the financial sector, addressing the long-term threat quantum computers pose to current encryption standards. By focusing on vendor readiness and digital asset risks, this initiative aims to align government and industry efforts for a secure transition away from vulnerable cryptographic tools.
Treasury launches task force to prepare finance for quantum threats
The U.S. Department of the Treasury announced the launch of the Quantum-Readiness Task Force, following President Donald J. Trump's Executive Order 14412, to strengthen cryptographic protections for America’s sensitive data, critical infrastructure, and digital economy. Secretary of the Treasury Scott Bessent stated this Task Force will help ensure the U.S. financial system remains strong, secure, and competitive as new technologies reshape the global landscape.
The U.S. Department of the Treasury has launched the Quantum-Readiness Task Force, following President Donald J. Trump’s Executive Order 14412 to bolster cryptographic protections.…
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