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The SEC Crypto Assets Task Force is under increasing pressure to address a critical threat that could disrupt the global digital economy: quantum computing. Experts warn that Bitcoin, Ethereum, and other major cryptocurrencies could lose their cryptographic security if immediate action is not taken.
Daniel Bruno Corvillo Costa’s Post-Quantum Financial Infrastructure Framework (PQFIF) emphasizes that trillions of dollars in digital assets are at risk if the SEC Crypto Assets Task Force does not take timely action.
The proposal urges regulators to prioritize high-risk wallets, exchanges, and other critical platforms, enabling the SEC Crypto Assets Task Force to establish a robust and quantum-resilient ecosystem, safeguard investor assets, and maintain market confidence.
Experts predict that major breakthroughs in quantum computing could emerge by 2028, making it an unprecedented challenge for the SEC Crypto Assets Task Force.
The rise of cryptographically relevant quantum computers (CRQC) has introduced a new form of systemic risk. The SEC Crypto Assets Task Force is evaluating the “Harvest Now, Decrypt Later” strategy, where adversaries collect sensitive encrypted data today to exploit it after future quantum advances.
David Carvalho, CEO of Naoris Protocol, warned: “The rise of quantum computing is the most serious threat to Bitcoin’s security yet.” This strategy could undermine the infrastructure of Bitcoin, Ether, and other major cryptocurrencies, requiring urgent regulatory action by the SEC Crypto Assets Task Force.
Submitted to the SEC Crypto Assets Task Force, PQFIF proposes a quantum-resistant framework for digital assets. By combining classical and post-quantum cryptography, the framework aims to protect investors’ assets and prevent potentially catastrophic market failures.
Daniel Bruno Corvillo Costa stated: “A quantum-resilient digital asset ecosystem is needed to protect investors’ assets and ensure long-term market integrity.” This framework provides the SEC Crypto Assets Task Force with a clear roadmap for implementing secure, future-proof systems.
The proposal emphasizes early action through automated vulnerability assessments of digital asset platforms. The SEC Crypto Assets Task Force is urged to prioritize high-risk systems, including institutional wallets and exchanges, to protect investors from potential quantum attacks.
To strengthen the roadmap, PQFIF incorporates the 2024 standards from the National Institute of Standards and Technology (NIST), including FIPS 203–205 and HQC as backup standards. These measures provide the SEC Crypto Assets Task Force with a foundation for ensuring the long-term security of digital assets and investor confidence.
A sudden breakthrough in quantum computing could compromise existing cryptography, potentially leading to massive losses for investors and operational chaos across exchanges and custodians. The SEC Crypto Assets Task Force must act swiftly to mitigate these risks and uphold market stability.
Developers have proposed the “Post Quantum Migration and Legacy Signature Sunset” plan to phase out vulnerable Bitcoin signature schemes. The SEC Crypto Assets Task Force is reviewing these proposals to ensure alignment with regulatory oversight and the protection of investor assets.
Beyond Bitcoin, Ethereum and other cryptocurrencies face similar quantum threats. The PQFIF outlines strategies to transition these assets to quantum-resistant standards, giving the SEC Crypto Assets Task Force guidance on safeguarding a broad range of digital investments.
Experts warn that “Q-Day,” when quantum machines could break Bitcoin encryption, may arrive as early as 2028. The SEC Crypto Assets Task Force is under pressure to implement these measures immediately to prevent systemic risks and preserve long-term investor confidence.
Establishing a secure, quantum-resistant digital asset ecosystem is critical. The leadership of the SEC Crypto Assets Task Force will be essential in safeguarding investor assets, reinforcing market trust, and ensuring that the US digital economy remains resilient against emerging technological threats.
