Advancing Blockchain Act Calls for Federally-Led Deep-Dive Into the Nascent Tech

NextGov: Rep. Brett Guthrie, R-Ky., recently introduced legislation that would mandate an exhaustive federal government-led examination of the adoption and impacts of blockchain in the U.S. and abroad.

Introduced in a wider legislative package of 15 emerging tech-focused bills from Republicans on the House Energy and Commerce Committee, the Advancing Blockchain Act directs the Federal Trade Commission and the Commerce Secretary to collaboratively investigate the decentralized, distributed ledger technology over the next two years, and subsequently provide a range of recommendations to Congress to help boost American implementations.

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