This month, CFA joined the National Consumer Law Center, Americans for Financial Reform, Center for Responsible Lending, Consumer Action, Digital Finance Alliance, and U.S. PIRG Education Fund in comments to the Office of Financial Institutions Policy at the U.S. Department of Treasury on ensuring the responsible development of digital assets. The comments covered two different sets of digital assets: cryptocurrencies, including stablecoins, and central bank digital currencies. The organizations explained that there is little to no legitimate use for cryptocurrencies, and that any potential benefit is heavily outweighed by the high degree of risk, harm, and evasion of consumer protection laws. The organizations also found that Black Americans and Latinos bear a disproportionate share of the losses from volatility and scams, further exacerbating inequality in the financial market.