House panel approves legislation to ‘maintain U.S. dominance’ in blockchain tech
The U.S. House Committee on Energy and Commerce has unanimously passed the Deploying American Blockchains Act of 2023 to boost the nation’s blockchain technology use. The bill passed with a 46–0 vote on Dec. 5 and represents a major step in potentially increasing the country’s use of blockchain technology. Crafted into a concise 13-page document, this legislation mandates Secretary of Commerce Gina Raimondo to engage in activities that bolster the United States’ competitive edge in deploying and utilizing blockchain and other distributed ledger technologies. This initiative aligns with the national interest in enhancing technological competitiveness. Thank you @RepLarryBucshon and @RepLBR ! This bipartisan bill will help preserve U.S. leadership in blockchain development, which is sorely needed. If you think not, China currently owns 84% of all blockchain patents. It's time for the U.S. to step up. This bill helps. https://t.co/fVsFrgJzJy — Cody Car...