Congress gets serious about Blockchain
Polis, Schweikert launch Congressional Blockchain Caucus
Today, Rep. Jared Polis (D-Colo.) and David Schweikert (R-Ariz.) announced the launch of the Congressional Blockchain Caucus. The bipartisan Caucus will be dedicated to the advancement of sound public policy toward blockchain-based technologies and digital currencies.
“Blockchain has the potential to transform the
“Open blockchain networks and distributed ledger technologies are still new, but it’s critical for members of Congress to begin comprehending both their current applications and future use cases,” Rep. Schweikert said. “It is critically important the United States remain competitive regarding emerging technologies, and distributed ledger technology is the open, secure, efficient technology backbone we've been looking for.”
The Congressional Blockchain Caucus will seek to educate, engage, and provide research to help policymakers implement smart regulatory approaches to the issues raised by blockchain-based technologies and networks. Polis relaunched the bipartisan caucus alongside David Schweikert (R-Ariz.). Schweikert will replace former Co-Chair of the Blockchain Caucus, Rep. Mick Mulvaney (R-S.C.).
“Coin Center is thrilled that there is now a caucus dedicated to this revolutionary technology and the important policy issues it raises,” Jerry Brito, Executive Director of Coin Center said. “Blockchain technology has the potential to revolutionize many industries, but it also presents some risks. Its development could also be hampered by outmoded regulation. We applaud Reps. Polis and Schweikert for having the foresight to create a forum for members of Congress to learn about the technology and champion its responsible development, and we're honored to have helped them in launching this effort.
"Blockchain technology is one of the most important inventions in modern finance.
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