Connect with us

Cryptocurrency

Rep. Soto seeks to create workplace to ‘coordinate’ Federal use of blockchain tech



A brand new invoice filed on Thursday, H.R.9067, seeks to create an workplace that can “coordinate” federal functions of blockchain expertise. 

Sponsored by Rep. Darren Soto, a Democrat representing Florida’s ninth district, the invoice would “set up an workplace throughout the Division of Commerce to coordinate all non-defense associated deployment and actions associated to blockchain expertise throughout the Federal Authorities.”

As of Dec. 31, the invoice was referred to the Home Committee on Power and Commerce.

Whereas the textual content of the invoice has but to be launched, the invoice’s sponsor may give some indication of the sorts of blockchain expertise functions such an workplace would search to “coordinate.”

Soto has confirmed in latest months to be an more and more vocal proponent for each cryptocurrencies — which he accepts for marketing campaign donations — and for blockchain expertise basically.

Following information that the US Postal Service had filed a patent for a blockchain-based mail-in voting system, the co-chairman of the Blockchain Caucus advised Cointelegraph in an interview that he hoped it will be put to make use of within the close to future.

“Definitely I might see it being utilized very quickly, over the following couple of election cycles,” he mentioned.

Moreover, in September Soto introduced the end result of “practically two years of pushing” his colleagues within the Committee on Power and Commerce: the Digital Taxonomy Act, which is able to result in a examine on the usage of blockchain expertise in authorities. Creating an workplace as described by H.R.9067 would presumably result in quicker adoption and implementation of such applied sciences.

Soto’s cryptocurrency advocacy has been particularly robust as of late. The Florida native was additionally among the many 9 congresspeople who chastised the Treasury for permitting simply over two weeks for feedback on a brand new crypto monitoring rule. The rule has led to a call-to-arms throughout the cryptocurrency group, and a few have speculated that the Treasury could face a lawsuit for violating process.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *