56% of banks say DLT and crypto are 'not a priority' in near future — Fed survey

56% of senior financial officers from 80 banks said distributed ledger technology and crypto products and services were “not a priority” or “a low priority’ for their growth and development strategy for the next two years. However, roughly 27% said they were a medium or high priority for the future. 40% of respondents in the survey said the technology was a high or medium priority for their banks for next two to five years. As the central bank of the United States, the Federal Reserve will likely be the institution to release a digital dollar if approved by lawmakers or regulators. The Securities and Exchange Commission and the Commodity Futures Trading Commission also oversee many of the regulations covering digital assets and financial institutions in the country. Source