U.S. Financial Literacy Strategy Adds Digital Assets to Consumer Education Priorities

  • Treasury released FLEC’s 2026 strategy identifying digital assets as digital financial products.
  • Reported consumer fraud losses exceeded $15.9 billion in 2025, up 24% year over year.
  • FLEC plans a digital-finance working group and updated resources on MyMoney.gov.

The U.S. Department of the Treasury released the 2026 update to the National Strategy for Financial Literacy, developed by the Financial Literacy and Education Commission (FLEC) and chaired by Treasury Secretary Scott Bessent. The framework explicitly includes digital assets, along with Buy Now Pay Later products and prediction and sports betting market platforms, among digital financial products whose characteristics, terms and risks consumers should understand. Its four priorities are youth financial capability, saving and investing, digital financial literacy, and scams and fraud education. The strategy calls for updated curricula and consumer resources, stronger evaluation of online and AI-generated financial information, and accessible disclosures from providers about fees, risks, withdrawals, redemptions and other terms. It does not create new requirements for crypto issuers, exchanges or other market participants. The strategy cites more than $15.9 billion in reported consumer fraud losses in 2025, up 24% from the prior year, and an FTC estimate that total consumer fraud costs in 2024 could have reached $195.9 billion after accounting for underreporting. CFTC Chairman Michael Selig welcomed the update as the agency continues work involving crypto assets, blockchain technologies and prediction markets.

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