US House Committee Passes Pro-Blockchain Bill
A United States House Committee has unanimously passed a bill that aims to promote blockchain deployment in the country. The bill, called the Deploying American Blockchains Act of 2023, received a vote of 46-0 from the House Committee on Energy and Commerce. If passed, the bill would direct the Secretary of Commerce to take actions to enhance the competitiveness of the US in terms of blockchain technology. This includes promoting the use and application of blockchain technology and other distributed ledger technologies. The bill also establishes a Blockchain Deployment Program and government advisory committees to support blockchain adoption.
Support for the Bill
Cody Carbone, the policy head for blockchain advocacy group the Chamber of Digital Commerce, commended the committee for passing the bill, stating that it will help preserve US leadership in blockchain development. Blockchain Association CEO Kristin Smith also expressed support for the bill, saying it advances the nation’s competitiveness in this emerging field.
Key Actions and Initiatives
The bill outlines several key actions that would be taken if it becomes law. These include developing best practices and policies for using blockchain technology in both the public and private sectors. It also involves creating a Blockchain Deployment Program to support the use of blockchain technology. Additionally, government advisory committees would be established to facilitate blockchain adoption by federal agencies. The bill also calls for studies on current blockchain usage by federal agencies and their preparedness to adopt this technology.
Impact and Next Steps
The passing of this pro-blockchain bill is significant as it demonstrates a bipartisan effort to promote blockchain technology in the US. However, it is not considered as impactful as other bills addressing cryptocurrency regulation. The next step for this bill is a vote in the House before proceeding to the Senate for further consideration. If it receives final approval, it will become law.
Hot Take: Pro-Blockchain Bill Passes US House Committee Unanimously
A pro-blockchain bill has been unanimously passed by the US House Committee on Energy and Commerce. This bill aims to promote the deployment of blockchain technology in the country and enhance its competitiveness in this field. It includes actions such as developing best practices, creating a Blockchain Deployment Program, and establishing government advisory committees for blockchain adoption. The passing of this bill is seen as a positive step towards preserving US leadership in blockchain development. However, it is not expected to have as significant an impact as other bills addressing cryptocurrency regulation. The bill will now proceed to the House for a vote before moving to the Senate for further consideration.
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