Bitcoin’s 7 million coin quantum problem just reached the US Treasury

The US Treasury has formally brought digital assets into the financial sector’s preparations for quantum computing threats.On Aug. 24, the US Treasury launched its Quantum-Readiness Task Force, with one of three workstreams dedicated to digital assets and emerging-technology risks. The other tracks cover broader post-quantum cryptography adoption and third-party vendor readiness.America must lead in securing the technologies that power our economy. This Task Force will help ensure our financial system remains strong, secure, and competitive as new technologies reshape the global landscape.This creates a government-industry forum for crypto custodians and infrastructure providers to coordinate on a future migration to quantum-safe technology.The public-private group will bring together government agencies, financial institutions, market infrastructure operators and technology providers to identify critical cryptographic dependencies, improve interoperability and prepare for implementation challenges as existing encryption becomes vulnerable to more powerful quantum computers.For crypto companies, that could mean examining how cryptography is embedded across custody systems, transact...