In a decision on 5 December, the House Committee on Energy and Commerce voted 46–0 in favor of H.R. 6572, known as the Deploying American Blockchains Act of 2023.
The 13-page bill aims to advance blockchain deployment in the United States, tasking Commerce Secretary Gina Raimondo with actions to enhance the nation's competitiveness in blockchain technology.
Cody Carbone, the head of policy for the Chamber of Digital Commerce, praised the move, highlighting its importance in preserving U.S. leadership in blockchain development.
Blockchain Association CEO Kristin Smith commend the committee's decision, emphasising its crucial role in preserving U.S. leadership in blockchain development.
The legislation seeks to promote blockchain leadership by improving coordination among federal agencies interested in using blockchain technology.
Studies will assess federal agencies' current use and readiness to adopt blockchain.
The legislation seeks to promote blockchain leadership by improving coordination among federal agencies interested in using blockchain technology.
Studies will assess federal agencies' current use and readiness to adopt blockchain.
While impactful, the Deploying American Blockchains Act is not perceived as having a major impact.
Some other proposed bills, such as the Financial Innovation and Technology for the 21st Century Act, address the classification of cryptocurrencies and regulatory jurisdictions.
The bill's journey continues with a vote in the House, followed by Senate approval, before returning for final congressional and presidential approval.
The outcome will shape the regulatory landscape for blockchain technology in the United States.
while challenges persist, the crypto and web3 sectors remain resilient. The upcoming bull run is seen as a catalyst for substantial job market growth, offering opportunities for both newcomers and seasoned professionals.
SanyaCyber.Fund invests $100 million in blockchain, AI, robotics, aiming to foster an open, efficient, and sustainable cybernetic economy, reinforcing decentralization and innovation.
SanyaEnjin recently executed a colossal migration of over 200 million NFTs from Ethereum and a sidechain to its proprietary Enjin Blockchain. This move, highlighted by Atlas Development Services executive Oscar Franklin Tan, aimed to circumvent steep gas fees typically associated with such large-scale transfers, employing a novel approach for the migration process.
JoyBlockchain technology has revolutionised the way we perceive and handle transactions, offering enhanced security, transparency, and efficiency. One of the key factors contributing to the success of blockchain networks is the consensus mechanism. A promising consensus algorithm that has gained significant traction in recent years is Proof of Elapsed Time (PoET).
CoinBoldMore than 80 world-known speakers are going to share their analytics and world-changing ideas. The line up includes: TRON, Animoca Brands, Dubai Blockchain Centre, Binance FZE Dubai, and many others.
OliveBNB Chain lost over $750 million to hackers in 2022, making it the biggest victim of blockchain attacks last year.
cryptopotatoBlockchains are computers that can make commitments. [https://cdixon.org/2020/01/26/computers-that-can-make-commitments](https://cdixon.org/2020/01/26/computers-that-can-make-commitments) You pay some performance overhead for this property.
CdixonA Chainalysis report analyzes the layer-1 blockchain ecosystem, questioning if alternative L1s will continue to challenge Ethereum this crypto winter.
CointelegraphEveryone would agree that cryptocurrencies, blockchain technologies, and the DeFi sector, in general, have exploded in both popularity and usage ...
BitcoinistThe task force will submit findings and potential legislation back to the State Capitol — which involves providing a plan to expand blockchain adoption in both the private and public sectors.
Cointelegraph