US President Donald Trump has released a new cybersecurity strategy that includes protecting the cryptocurrency industry from potential security risks posed by quantum computers.
The recently announced “National Cyber Strategy” document aims to maintain U.S. superiority in cyberspace and strengthen the security of new technologies.
In a strategy document released by the White House, the Trump administration said it would take steps to ensure the United States remains “second to none” in cyberspace. The document also emphasizes that individuals should take precautions regarding digital security, asserting that Americans are not alone in this fight. As part of this strategy, the government plans to strengthen the security of technological infrastructure and supply chains.
The document placed particular emphasis on the security of cryptocurrencies and blockchain technologies. The administration said it would develop secure technologies to protect user privacy from the design phase to implementation and support the security of crypto assets. Additionally, he said the adoption of “post-quantum cryptography” standards would be encouraged in anticipation of the possibility that quantum computers could break existing encryption methods in the future.
The development of quantum computers has long been a topic of discussion within the crypto ecosystem. The researchers note that as this technology evolves, existing cryptographic systems used by blockchain networks may need updating. However, some within the sector believe the risk is exaggerated. For example, Michael Saylor said that while it is important for developers to prepare, the threat does not pose a significant risk in the short term.
The Trump administration’s new strategy was announced alongside a presidential executive order to combat cybercrime, signed the same day. Trump, who campaigned on a promise to support the digital assets sector, has signed numerous executive orders directly related to the crypto space since taking office.
*This does not constitute investment advice.
