The American government says cyber security is a “foundational” plank of the future of digital finance.
The United States Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection has rolled out a new initiative to share vital cyber security intelligence with companies in the country’s “digital asset industry”.
“Digital asset firms are an increasingly important part of the US financial sector, and their resilience is critical to the health of the broader system,” Luke Pettit, Assistant Secretary for Financial Institutions, said in a 9 April statement.
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“By extending access to the same high-quality cyber security information used by traditional financial institutions, Treasury is helping promote a more secure and responsible digital asset ecosystem.”
The initiative aims to help organisations in the sector “identify, prevent, and respond to cyber threats targeting their customers and networks”.
Tyler Williams, counsellor to the secretary for digital assets, said the initiative is indicative of the principles of the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, which aims to establish a comprehensive framework for cryptocurrency.
“As digital assets become more integrated into the financial system, access to timely and actionable cyber threat information is essential to protecting consumers and safeguarding the stability of US financial markets,” Williams said.
Cory Wilson, Deputy Assistant Secretary for Cyber Security, added that “cyber threats targeting digital asset platforms are growing in frequency and sophistication”.
“This initiative expands access to actionable threat information that helps firms strengthen defences, reduce risk, and respond more effectively to incidents,” Wilson said.
In 2025 alone, hackers with links to the Democratic People’s Republic of North Korea stole more than US$2 billion in cryptocurrency, with proceeds largely thought to go towards funding North Korea’s weapons programs.
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David Hollingworth
David Hollingworth has been writing about technology for over 20 years, and has worked for a range of print and online titles in his career. He is enjoying getting to grips with cyber security, especially when it lets him talk about Lego.
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