Moody’s Backs Treasury Department Working Group Amid Quantum Technology Threats That Put Cryptocurrencies on High Alert

cryptonews.ruPublicado a 2026-08-27Actualizado a 2026-08-27

Resumen

The U.S. Treasury Department has established a new working group focused on quantum readiness, aimed at strengthening the cryptographic security of critical infrastructure and the digital economy, including digital assets. This initiative, referenced in relation to a Trump-era executive order, will collaborate with TradFi institutions, public and private sector leaders, and technology providers. Treasury Secretary Yellen emphasized the need for U.S. leadership in securing foundational economic technologies. In support, Moody's Ratings Vice President Cristiano Ventricelli highlighted that while digital assets are seen as strategically important for U.S. financial innovation, advances in quantum computing could eventually undermine the cryptographic security they rely on. A sufficiently powerful quantum computer could threaten transaction authorization, asset ownership, and storage mechanisms, potentially eroding market trust. Ventricelli stated that addressing this threat directly is crucial for the credibility of U.S. efforts to expand digital asset markets. Deborah Guild of the Financial Services Sector Coordinating Council and PNC Financial Services echoed this urgency, asserting that Post-Quantum Cryptography (PQC) readiness is no longer a future concern but a present-day risk management imperative.

In the financial technology sector, active discussions are underway to prepare the market for the advent of super quantum computers and theoretical attacks. Bitcoin and digital assets have long been part of this discussion, and the new Treasury Department working group will address not only traditional finance (TradFi) but also "risks associated with digital assets and new technologies."

The Treasury Department directly references President Trump's Executive Order No. 14412, and the press release states that the new working group is intended to facilitate the implementation of this order, which introduces measures to "strengthen the cryptographic protection of sensitive data, critical infrastructure, and the digital economy of the United States." The federal agency reported that the working group will collaborate with a large number of officials, traditional financial sector (TradFi) institutions, public and private sector leaders, as well as technology providers.

"The United States must play a leading role in ensuring the security of the technologies underlying our economy," Treasury Secretary Bessent explained in the press release. "This working group will help ensure that our financial system remains strong, secure, and competitive as new technologies reshape the global landscape."

Moody’s Agrees: Quantum Technology Readiness Must Become a Priority

In a note provided to Bitcoin.com News, Cristiano Ventricelli, Vice President of the Digital Economy Group at the rating agency Moody’s, emphasized that the U.S. needs to prepare its financial system for the future of quantum computing.

"The Quantum-Readiness Task Force adds a security dimension to the U.S. digital asset agenda, which includes White House, Securities and Exchange Commission (SEC), and Commodity Futures Trading Commission (CFTC) initiatives to support their use on regulated financial markets," wrote Ventricelli.

The Moody’s Ratings head added:

"Digital assets are increasingly viewed as strategically important for U.S. financial innovation and competitiveness; however, advances in quantum computing could ultimately weaken the cryptographic protections on which they are based. A sufficiently powerful quantum computer could compromise transaction authorization, asset ownership rights, and storage mechanisms, potentially undermining market confidence."

Quantum-Readiness: From a Future Threat to a Present Risk

Ventricelli's note states that directly addressing this issue within the working group "is essential for the credibility of U.S. efforts to expand digital asset markets." In the Treasury Department's statement, Deborah Guild, Chair of the Financial Services Sector Coordinating Council and Head of Technology at PNC Financial Services Group, Inc., expressed a similar viewpoint.

Guild stated that quantum-readiness (PQC) is no longer a measure needed for future preparation and insists that "it is a risk control in the present."

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Preguntas relacionadas

QWhat is the main purpose of the new U.S. Treasury Department working group mentioned in the article?

AThe main purpose of the new working group is to promote the implementation of President Trump's Executive Order No. 14412, focusing on measures to 'strengthen the cryptographic protection of sensitive data, critical infrastructure, and the U.S. digital economy' against threats like quantum computing.

QAccording to Cristiano Ventricelli of Moody's, why is preparing the financial system for quantum computing a priority for the U.S.?

ACristiano Ventricelli states that while digital assets are seen as strategically important for U.S. financial innovation and competitiveness, advances in quantum computing could eventually break the cryptographic security they rely on, threatening transaction authorization, asset ownership, and storage mechanisms, which would undermine market trust.

QWhat specific area does Deborah Guild of the Treasury Department say Post-Quantum Cryptography (PQC) readiness belongs to now?

ADeborah Guild states that Post-Quantum Cryptography (PQC) readiness is no longer just a future preparation measure, but is a 'risk control in the present'.

QWhich sectors and stakeholders will the Treasury's new working group collaborate with, according to the article?

AThe working group will collaborate with a wide range of officials, traditional finance (TradFi) institutions, public and private sector leaders, and technology providers.

QHow could a sufficiently powerful quantum computer threaten digital assets like Bitcoin?

AA sufficiently powerful quantum computer could compromise the cryptographic protection that secures digital assets, potentially threatening the authorization of transactions, ownership of assets, and storage mechanisms, thereby undermining overall market confidence.

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