A bipartite bill placing the trade department at the Center for the Pays of Blockchain Technology advanced Tuesday in a panel of key houses, putting it on deck to consider before the full room.
The deployment of the American blockchains of 2025 from Florida, Kat Cammack and Darren Soto, orders the secretary of the trade to advise the president on the deployment and the use of blockchain and other technologies of the big book distributed, as well as applications built on the blockchain or other DLT tokens.
“This bill aims to ensure the future of America in a rapidly evolving digital world,” said Cammack, a Republican, during the markup of the Chamber Energy and Trade Committee. “Blockchain technology transforms industries, strengthens our economy, improving national security and revolutionizing the way we manage the data. But we are at the crossroads. Nations like China are to come, claiming domination in this space. We cannot afford to late. ”
Cammack argued that technology is more than a “fashionable word”. On the contrary, the great decentralized public book that follows transactions and digital assets through networks “is a tool to empower our companies and protect our supply chains,” she said. “It is the backbone of innovations in the security of the supply chain, digital identity and intelligent contracts. It is a question of promoting innovation, creating jobs and protecting our national interests. ”
Soto, a Democrat, said that the Commerce Department “should play a more aggressive role” with blockchain technology. Legislation tastes the agency’s secretary to the development of policies and recommendations related to its use, by exploring questions such as cybersecurity, storage and safety systems, artificial intelligence, reduction in fraud, electronic commerce, regulatory compliance and more.
“Blockchain helps keep the information fixed and trustworthy so that it cannot be changed later,” said Soto. Having this “large fixed book” allows the government to follow information on any “public health to help in the event of a disaster in the resolution of other conflicts”, he added, “bringing together this data and then help … Our best scientists … to help solve some of the most difficult problems to which the nation and the world”.
The legislation also calls for trade in establishing a blockchain deployment program in order to promote American leadership on technology and to consider policies and programs that encourage the adoption of blockchain within federal agencies. The Secretary of Commerce would be required to submit an annual report to the congress on blockchain activities.
Cammack said that she hoped that the bill would provide the clarity of blockchain innovators and sees all the concerns they may have about “being pushed to offshore”. By making the trade in blockchain activities, the Florida Republican said that consumer protection and national security will be “front” as technology is developing.
“It guarantees that companies can innovate with confidence and that our values, not those of authoritarian regimes, shape the global digital infrastructure of the future,” she said. “These are leadership and they are economic opportunities, and it is a question of obtaining the role of America as the most innovative, freest and most avant-garde economist in the world.”
