United States Congress Supports Resolution Promoting Blockchain
The United States House of Representatives has passed a nonbinding resolution calling for an adoption of “a national policy for technology to promote consumers' access to financial tools and online commerce to promote economic growth and consumer empowerment.” Why The Accelerated Interest? We have seen relatively little developments in the space of federal regulation on the Blockchain technology and digital currencies. A non-profit called Coin Center reached out to United States representatives communicating their concerns on the developing bill. The letters on issue are available on their....
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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....
U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency by having congressional cafeterias, vending machines, and gift shops accept crypto payments. “Congress is typically slow to adopt new technology,” he said.
Senator Pushes for Crypto Adoption in Congress
U.S. Senator Ted Cruz has introduced a resolution titled “Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution,” also referred to as “ACCEPT Resolution,” in the Senate Monday.
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The proposal, called the ACCEPT Resolution, would apply to gift shops, vending machines and restaurants. U.S. Senator Ted Cruz of Texas submitted a resolution on the Senate floor Monday that would require the acceptance of cryptocurrency payments at all gift shops, restaurants and vending machines located within the Capitol Complex. The resolution, titled Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions, or ACCEPT, also prohibits the Architect of the Capitol — a presidential appointee who oversees the administration of the Capitol Complex — from entering into....