A U.S. lawmaker needs the federal authorities to start contemplating a nationwide blockchain technique.
On Tuesday, U.S. Home Rep. Brett Guthrie (R-Kent.) launched a invoice calling on the Federal Commerce Fee (FTC) to survey the prevalence of blockchain applied sciences throughout business, authorities and the globe. Fintech Zoom obtained a draft model of the invoice, HB6938, which is shared in full under.
If handed, the invoice, which had no cosponsors when referred to the Home Vitality And Commerce Committee, would give the FTC two years to conduct the survey and an additional six months to advise Congress on what it discovered.
Guthrie requires suggestions on state-level blockchain adoption, enterprise sector blockchain adoption, blockchain growth plans, threat mitigation methods, legislative frameworks and the best way to consolidate probably prohibitive federal statutes.
The advice package deal would successfully define a complete blockchain technique for the US.
Some U.S. allies have already got such a framework, together with Germany. (The proposed FTC survey would give lawmakers a rundown of no less than 10 nations’ blockchain methods’ relative to the U.S.).
However Guthrie’s predominant 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 mentioned in a press assertion.
Staying a step forward of China has gotten solely extra essential within the age of COVID-19, Guthrie mentioned.
“The ongoing coronavirus pandemic has made it clear that we need to maintain American leadership in technology,” he mentioned within the assertion. “America is a nation of innovation and enterprise – and we need to keep it that way.”
Learn the complete draft invoice under:
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