The US Treasury announced the formation of a Quantum Security Readiness Working
Group to lead the financial industry's migration to post-quantum cryptography
and strengthen protection of sensitive data, critical infrastructure and the
digital economy. Treasury Secretary Bessent said the US must lead on technical
security; the group will coordinate government agencies, financial firms and
technology vendors and focus on three priorities: driving post-quantum crypto
migration across finance, improving third-party supply‑chain security readiness,
and assessing risks from digital assets and other emerging technologies. The
Treasury warned that mature quantum computing could break current encryption,
exposing financial data, payment systems, digital identities and market
infrastructure, and said early deployment of post-quantum cryptography is
essential to economic security and financial system resilience.
