House Committee Unanimously Passes Pro-Blockchain Bill
The House Committee on Energy has voted unanimously to approve a new piece of legislation entitled the “Deploying American Blockchains Act.”
According to the brief, the bill would “direct the Secretary of Commerce to promote the competitiveness of the United States related to the deployment, use, application, and competitiveness of blockchain technology or other distributed ledger technology, and for other purposes.”
The brief notes that the Secretary of Commerce would “serve as the principal advisor to the President” regarding policy issues related to blockchain technology.
Moreover, the bill would require the Secretary of Commerce to spearhead a “Blockchain Deployment Program” that would “support American leadership in the deployment and use of blockchain technology and other distributed ledger technology, applications built on blockchain technology or other distributed ledger technology, tokens, and tokenization.”
Led by efforts from Congresswoman Lisa Blunt Rochester (D-DE) and Congressman Larry Bucshon (R-IN), the bill has even garnered approval from some of the crypto industry’s biggest voices, including the Blockchain Association and the Chamber of Digital Commerce.
“This bipartisan bill will help preserve U.S. leadership in blockchain development, which is sorely needed,” stated Cody Carbone, Vice President of Policy for the Chamber of Digital Commerce. “If you think not, China currently owns 84% of all blockchain patents. It’s time for the U.S. to step up.”
“It’s critical that the United States leads the development and deployment of blockchain technology,” stated Blockchain Association CEO Kristin Smith. “Blockchain Association thanks Reps. Bucshon (R-IN) and Blunt Rochester (D-DE) for their focus on innovation and
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