U.S. Treasury Announces the Quantum-Readiness Task Force

Insider Brief

• The U.S. Treasury launched a Quantum-Readiness Task Force to coordinate the financial sector’s transition to post-quantum cryptography and prepare for future quantum-related cybersecurity risks.
• The public-private initiative will focus on sector-wide PQC transition, third-party and vendor readiness, and risks involving digital assets and emerging technologies.
• The task force will bring together government, financial institutions, market infrastructure operators and technology providers to address critical dependencies, cryptographic agility, interoperability and operational resilience.

PRESS RELEASE — The U.S. Department of the Treasury today announced the launch of the Quantum-Readiness Task Force, following President Donald J. Trump’s Executive Order 14412 establishing guidelines to strengthen cryptographic protections for America’s sensitive data, critical infrastructure, and digital economy. The Task Force supports the Administration’s efforts to secure American innovation; strengthen supply chains; and ensure U.S. leadership in critical and emerging technologies.

“America must lead in securing the technologies that power our economy,” said Secretary of the Treasury Scott Bessent. “This Task Force will help ensure our financial system remains strong, secure, and competitive as new technologies reshape the global landscape.”