Odaily News The U.S. Treasury Department has developed a new financial inclusion strategy to help people get into the financial system, but cryptocurrencies are mentioned only once in the 35-page report, touting the department's work in flagging harms in the industry. While Vice President Harris said during her campaign that she would encourage cryptocurrencies as part of her economic agenda, her current administration has distanced itself from digital assets, making this likely the last mention of cryptocurrencies by the Treasury before next week's election. The Biden administration's Treasury Department noted in Tuesday's report that it "fosters financial inclusion by developing and promoting research," for which it has released a report on "risks associated with digital assets" in 2022. "Access to safe, affordable financial products and unbiased information can help all Americans pursue financial security," Treasury Secretary Janet Yellen will say at a banking event in New York on Tuesday, where she will call on bankers to "actively collaborate" in the new strategy, according to her prepared remarks. Liberal-leaning groups such as the Center for American Progress have argued that cryptocurrency advocates' claims that they are good for financial inclusion "do not stand up to scrutiny," and the Brookings Institution has also sought to debunk the claims. It’s unclear whether the vice president’s office will have any say in the Treasury Department’s latest strategy, but it would appear to be in stark contrast to the openness she has shown toward cryptocurrencies during her campaign. (CoinDesk)