Bessent warns that future quantum systems could break current cryptographic tools protecting financial data.
“Quantum computing has the potential to transform science and technology, but it also poses a long-term cybersecurity challenge because future quantum systems could break many of the cryptographic tools”
Bessent frames quantum readiness as critical to American technological and economic leadership.
““America must lead in securing the technologies that power our economy,” said Secretary of the Treasury Scott Bessent”
Bessent says the Task Force aims to keep financial systems competitive amid technological change.
““This Task Force will help ensure our financial system remains strong, secure, and competitive as new technologies reshape the global landscape.””