Digital identity is the future, US Congressman Bill Foster says
Technology could hold the keys to identity theft protection. Speaking at the online launch event for the Global Digital Asset & Cryptocurrency Association, a Chicago-based group focused on regulatory clarity and industry security, U.S. Representative Bill Foster explained the importance of a "secure digital identity." "You can have the most rock-solid cryptographic guarantees of a blockchain or equivalent and it doesn't do you any good if people are fraudulently participating on it under anonymous names," Foster said during his brief speech at the event. He mentioned trading as an example,....
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A U.S. congressman has called for a law that allows the government to identify cryptocurrency users and reverse crypto transactions. “There’s a significant sentiment, increasing sentiment, in Congress that if you’re participating in an anonymous crypto transaction that you’re a de-facto participant in a criminal conspiracy,” he said. Rep. Bill Foster Stresses the Need for Law to Allow the Government to Reverse Crypto Transactions Democratic Rep. Bill Foster of Illinois, who is also co-chair of the Congressional Blockchain Caucus, talked about cryptocurrency....
Congressman Warren Davidson explained how the cryptocurrency tax addition to the Senate infrastructure bill is bad for the U.S.
Congressman and Blockchain Caucus Co-Chair David Schweikert has advanced a bill to make good on the crypto adage, "code is law." Republican Congressman David Schweikert (R-AZ) has referred a new bill to the House Committee on Energy and Commerce that, if passed, would recognize digital signatures on the blockchain as enforceable by law.This is particularly important for the enforceability of smart contracts, which automate transactions or other contractual obligations according to binding, pre-specified rules. Smart contract advocates have long used the adage "code is law," and the new....
Congressman Schweikert wants to know what Bitcoin means for the US dollar. In a recent exchange at a meeting for the Committee on Small Business, Congressman David Schweikert decided to ask the panel of distinguished guests about the possibility of Bitcoin as a long term threat to the US dollar. Although he admitted that this is nothing to worry about over the short term, the reality is that we don't know where we'll be ten years from now. Even if Bitcoin is not the cryptocurrency of the future, we could be facing a situation where some form of stateless money is eventually preferred over....
Source: United States Congress. Congressman Steven Stockman of Texas appeared last night at the New Year's Eve bash at the New York City Bitcoin Center and announced acceptance of bitcoin for his upcoming senate campaign, but perhaps more interestingly, his desire to put together a bill in support of bitcoin. The representative is seeking support of a clear-cut bill that is designed to keep federal, state, and local government from interfering with bitcoin and the bitcoin economy, according to Charles Peralo, a director of new business at the NYC Bitcoin Center and was in attendance at the....