The US House Energy and Commerce Committee unanimously passes a “pro-blockchain” bill. With this law, the United States wants to assert its leadership in blockchain technology.
The recent approval by the House of Representatives accuses US Commerce Secretary Gina Raimondo of supporting blockchain technology. Her personal mission is to increase the use of blockchain in the United States as quickly as possible.
The Committee positively forwarded H.R. 6572, Deploying American Blockchains Act, as amended, to the full House in a roll call vote of 46 votes in favor to 0 against.
– Energy and Commerce Committee (@HouseCommerce) December 5, 2023
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Bill promotes blockchain in the USA
On December 5, the committee voted by 46 votes to pass the “Deploying American Blockchains Act of 2023.” This particular law, part of House Regulation 6572, promotes the use of blockchain in the United States.
This 13-page bill focuses on promoting the deployment, use and competitive position of blockchain technology. It directs the U.S. Secretary of Commerce to take necessary and appropriate actions to promote blockchain technology in the United States.
Praise and recognition for American efforts
This initiative, which aims to strengthen America’s position in the blockchain industry, has been highly praised by key industry players. Kristin Smith, Director of the Blockchain Association, Expectations that it “rightly promotes the country’s competitiveness in this emerging sector.”
Cody Carbone, policy director for the Chamber of Digital Commerce, praises the committee for this step. In his opinion, the bill is very important for the US to maintain its competitiveness in blockchain development.
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US government in action with blockchain program
The US government is establishing a program under the bill. This “Blockchain Deployment” program enables government agencies to support blockchain adoption.
With the help of the program, the government reviews the current use of blockchain by government agencies. This program will also work on future preparations for the acceptance of this technology.
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Full approval of the proposal is still pending
The pro-blockchain bill is one of about 50 proposals circulating in Congress since 2022. Despite the unanimous vote, the US Senate and ultimately the country’s president still have to approve the law.
Patrick McHenry, chairman of the US House of Representatives Financial Services Committee, is concerned about developments in the US on Web3. While America is a pioneer in blockchain technology, he believes it is lagging behind in Web3 technology.
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