A blockchain bill passes the House Energy and Commerce Committee
A blockchain bill called the "Deploying American Blockchains Act" has been passed by the US House Energy and Commerce Committee. The bill will direct the Department of Commerce to "enhance the competitiveness of the United States in the deployment, use, and application of blockchain technology or other distributed ledger technology." The bill has not yet been approved by the full House of Representatives. Experts say that there is currently no corresponding bill in the US Senate, which is a major drawback for most cryptocurrency legislation this year. The Democrat-controlled House of Representatives is not eager to accept any digital asset bills and is generally believed to be unlikely to change its policy. The best option for such bills may be to negotiate and merge them with other efforts into larger and more valued legislation.
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