The SEC’s Crypto Assets Task Force is reviewing a roadmap to protect Bitcoin, Ether and other digital assets from future quantum computing threats.
A proposal submitted to the US Securities and Exchange Commission’s (SEC) Crypto Assets Task Force warned that quantum computing could shatter the cryptographic foundations of Bitcoin, Ethereum, and the broader digital asset ecosystem unless safeguards are implemented.
A written submission to the task force titled the Post-Quantum Financial Infrastructure Framework (PQFIF), was authored by Daniel Bruno Corvelo Costa, one of many individuals and entities that have provided written input.
The framework outlines a roadmap for transitioning the cryptographic foundations of digital assets, such as Bitcoin (BTC) and Ether (ETH), to quantum-resistant standards. it warns that trillions of dollars in digital assets could be exposed if today’s encryption methods collapse under quantum attacks.
