The U.S. Department of the Treasury announced the Quantum-Readiness Task Force, established under President Donald J. Trump’s Executive Order 14412 to enhance cryptographic protections for data and infrastructure. The task force, a public-private initiative, aims to accelerate the financial sector’s transition to quantum-safe technology through three workstreams: Sector Alignment & PQC Transition, Third-Party & Vendor Readiness, and Digital Assets and Emerging Technology Risk. It builds on the G7 Cyber Expert Group’s roadmap for post-quantum cryptography (PQC) adoption. Officials emphasized the need for coordinated preparation to mitigate quantum computing’s potential threat to cryptographic systems. The task force will focus on risk-based approaches, including cryptographic agility, interoperability, and operational resilience, while addressing third-party dependencies and digital asset risks. Participation includes government agencies, financial institutions, technology providers, and private-sector leaders.
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