Congressional Resolution Calls on US Government to Support Blockchain Tech
A new resolution submitted to the US House of Representatives calls for the development of "a national policy for technology" that would include digital currencies and blockchain technology. It invokes the idea of bitcoin without calling it by name – referring to "alternative non-fiat currencies" – and blockchain tech, which it says has the potential to "fundamentally change" how trust and security are established in online transactions. The non-binding resolution is sponsored by Rep Adam Kinzinger, a Republican from Indiana; and Representative Tony Cardenas,....
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A draft resolution submitted to the Illinois legislature has proposed the creation of a working group dedicated to blockchain technology. House Resolution 120, filed on Wednesday by state representative Michael Zalewski, would establish a 12-person group focused on researching the tech. Public records show that the resolution has been referred to the House Rules Committee for consideration. At its heart, the draft calls for Illinois to investigate how state and local-level governments can utilize blockchain – work that is already being done, in a way, by a consortium of government agencies....
Moreover, it is not unlikely H.R. 835 will be modified at a later stage. Drafting the right policy to allow for innovation in Bitcoin and blockchain is of the utmost importance. Creating the new rules and guidelines will be done by creating future legislations, or having agencies shape the ecosystem. The United States is not exactly known for its pro-Bitcoin stance these days. But that situation is coming to change, as a pro-bitcoin national policy resolution was introduced in Congress yesterday. This is positive news for Bitcoin and blockchain innovation in the US, assuming the resolution....
With a new bipartisan bill by the House of Representatives, a call has been issued to the US Government to adopt a national policy to promote citizens’ access to new financial innovation including blockchain and digital currencies. A new Congressional resolution is calling on the United States government to support the development and ease of access to financial tools including blockchain, digital currencies and FinTech. The resolution seeks a national policy for technology in order to achieve those goals. The bipartisan bill resolution sees its title as “Expressing the sense of the House....
The US House of Representatives has passed a non-binding resolution calling for a national technology innovation policy that includes supportive language for digital currencies and blockchain technology. Introduced in July, the resolution calls on the US government to craft a national policy for technology, with specific mentions for digital currencies and blockchain. The bill was written by Indiana Representative Adam Kinzinger, with Representative Tony Cardenas from California sponsoring. The resolution passed by a voice vote following statements from backers late this afternoon. Though....
In Pakistan, a provincial government has passed a draft resolution on December 2, 2020, that demands the federal government to take steps towards legalizing both cryptocurrencies and crypto-mining activities. A Crypto-Friendly Draft Resolution Approval Sets a Precedent in Pakistan The Provincial Assembly (MPA) of Khyber Pakhtunkhwa, one of the four provinces in the country, made the official announcement after holding discussions in the midst of a nationwide dialogue about if the federal government should legalize crypto assets and take it out from the limbo. Dr. Sumera Shams, a member of....