House Bill Outlines Path To US National Blockchain Strategy

A U.S. lawgiver inevitably the federal government to start contemplating a nationwide blockchain proficiency.

On Tuesday, U.S. House Rep. Brett Guthrie (R-Kent.) launched a account career on the Federal Trade Commission (FTC) to survey the preponderance of blockchain applied sciences throughout trade, government and the globe. CoinDesk obtained a draft model of the account, HB6938, which is shared fully beneath.

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If handed, the account, which had no cosponsors when referred to the House Energy And Commerce Committee, would give the FTC two years to conduct the survey and an additive six months to advise Congress on what it discovered.

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Guthrie requires suggestions on state-level blockchain adoption, enterprise sphere blockchain adoption, blockchain growth plans, danger mitigation methods, legislative frameworks and right to consolidate probably preventative federal statutes.

The suggestion package deal would successfully define a complete blockchain proficiency for the United States.

Some U.S. allies have already got such a framework, together with Germany. (The planned FTC survey would give lawgivers a summation of a minimum of 10 nations' blockchain methods' relative to the U.S.).

But Guthrie's most important concern seems to be the clear chief of nationwide blockchain methods, and an adversarial one at that: China.

"We cannot let China beat us," he explicit in a press assertion.

Staying a step up of China has gotten entirely extra essential inside the age of COVID-19, Guthrie explicit.

"The current coronavirus pandemic has made it clear that we need to maintain American leadership in technology," he explicit inside the assertion. "America is a nation of innovation and enterprise - and we need to keep it that way."

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House Bill Outlines Path To US National Blockchain Strategy
House Bill Outlines Path To US National Blockchain Strategy

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