Treasury Announces the Quantum-Readiness Task Force The U.S. Department of the Treasury 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.”
The Quantum-Readiness Task Force is a public-private initiative to help accelerate the U.S. financial sector’s transition to quantum-safe technology in an orderly and operationally resilient manner, building on the G7 Cyber Expert Group roadmap for the transition to post-quantum cryptography. 
The Task Force will operate through three workstreams: Sector Alignment & PQC Transition; Third-Party & Vendor Readiness; and Digital Assets and Emerging Technology Risk.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 that protect financial data, payment systems, digital identities, and market infrastructure.
The Task Force will bring together government, financial institutions, financial market infrastructures, technology providers, and other private-sector leaders to support coordinated preparation for quantum-related cyber risks. Transitioning to post-quantum cryptography is essential to protecting U.S. economic security and strengthening the resilience of the financial system.
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