U.S. Congressman Seeks Blockchain Experts To Educate Lawmakers
Blockchain is gaining notice from at least one member of the U.S.Congress, according to TechTarget. U.S. Rep. David Schweikert, R-Ariz., called on attendees at the DC Blockchain Summit in Washington, D.C. to educate lawmakers about the technology’s benefits so that lawmakers can address it in a way that benefits the economy as opposed to excessive regulation. Schweikert, who serves on the House of Representatives’ Financial Services Committee, noted banks are scrambling to ensure blockchain technology doesn’t disintermediate them. He said he has followed cryptocurrencies for a number of....
Related News
Once viewed with fear and uncertainty by lawmakers, bitcoin and blockchain technology were heralded as innovations by US Congressman David Schweikert (R-AZ) at an industry conference yesterday. The inaugural DC Blockchain Summit, produced by industry trade group the Chamber of Digital Commerce and held in Washington, DC, saw Schweikert and Natalee Binkholder, deputy chief of staff for Congressman Mick Mulvaney (R-SC), speak openly about the technology for the first time. Representative Schweikert, in particular, presented an optimistic vision for blockchain, discussing how the technology....
Congressman Jared Polis wants to educate lawmakers about bitcoin. Colorado Democrat Jared Polis is certainly a huge proponent of bitcoin. About a month ago, Polis wrote a satirical letter to Congress calling for the immediate ban of the U. S. dollar. Senator Joe Manchin had urged the U. S. Treasury to ban bitcoin since it can be used in illegal transactions and offered some degree of anonymity. However, Polis noted that the same could be said about the U. S. dollar. “Dollar bills allow for anonymous and irreversible transactions…The U.S. Dollar was present by the truck load in Saddam....
Characterizing his contemporaries as viewing the crypto sector as a “financial 9/11,” Congressman Ted Budd has warned lawmakers against driving blockchain innovation offshore. Representative Ted Budd of North Carolina, a member of the House Financial Services Committee and Congressional Blockchain Caucus, has urged lawmakers to embrace decentralized innovation.In what appears to be the first occasion in which a publicly elected official has met with a decentralized autonomous organization (DAO), Budd acknowledged the increasing concern about crypto among lawmakers while speaking to....
Congressman Jared Polis is no stranger to bitcoin. The democratic Representative from the Second District of Colorado has long stood up for the idea of bitcoin and digital currency, even going to far as to welcoming Robocoin to the nation's capital to show off their bitcoin ATM. Now, Polis is co-hosting an event on Capitol Hill designed to demonstrate the machinations of bitcoin to the country's lawmakers from some of the best and brightest in the industry. BetaBeat reports that major bitcoin companies like Coinbase and BitPay will be engaging with members of Congress at the Rayburn House....
U.S. Congressman Jim Himes says that Congress is not ready to pass cryptocurrency legislation anytime soon, citing a lack of deep understanding of cryptocurrencies among lawmakers. “There’s going to be a lot of discussion in the coming years about ways to regulate” cryptocurrencies, said the congressman. Crypto Legislation Not Expected From Congress Anytime Soon U.S. Representative Jim Himes has revealed some discussions Congress is having regarding cryptocurrency legislation in an interview with Yahoo Finance Friday. The Connecticut representative serves as the chair of....