Congressional Blockchain Caucus

The Congressional Blockchain Caucus is a bipartisan group of U.S. Representatives and staff. The caucus was founded during the 114th United States Congress to be a platform for industry and government to study and understand blockchain technology, and the role Congress can play in its development.[1][2][3]

History

The Congressional Blockchain Caucus was formed in September 26, 2016, to study blockchain technology. The Congressional Blockchain Caucus was formed by Jared Polis, a Democratic congressman from Colorado, and Mick Mulvaney, a Republican representing South Carolina.

On March 24, 2019, seven congressmen sent a letter to Larry Kudlow, the director of the National Economic Council. The letter requested that the administration have a forum on blockchain technology and initiate blockchain technology. The signers of the letter were congressmen Trey Hollingsworth, Darren Soto, Bill Foster, Tom Emmer, Ted Budd, Josh Gottheimer and David Schweikert.[4]

In March 2021, Representatives Darren Soto (D-FL) and Warren Davidson (R-OH) reintroduced the Token Taxonomy Act. The bill's co-sponsors are Ted Budd (R-NC), Scott Perry (R-PA) and Josh Gottheimer (D-NJ).[5]

In a press release dated June 16, 2021, Congresswoman Maxine Waters, chairwoman of the U.S. House Committee on Financial Services, announced the formation of a Digital Assets Working Group for Democratic members of Congress. Bill Foster (D-IL), who is Chair of the Task Force on Artificial Intelligence and a co-founder of the Congressional Blockchain Group, is a member of this new Digital Assets Working Group. The Congressional Blockchain Caucus focuses on cryptocurrency policy.[6][7]

Purpose

The caucus was formed to be a platform for industry and government to study and understand blockchain technology.

Co-Chairs

Members
Congressional Blockchain Caucus in the 117th United States Congress

See also

References
  1. "Congressional Blockchain Caucus - Summary from LegiStorm". www.legistorm.com. Retrieved 2021-10-16.
  2. Jordan, Chuck (2021-02-08). "Congress has only begun its study of financial technologies". TheHill. Retrieved 2021-10-16.
  3. "Congressional Blockchain Caucus". Congressional Blockchain Caucus. Retrieved 2021-10-16.
  4. "Seven U.S. Members of Congress Urge Administration to Support Blockchain Technology". Chamber of Digital Commerce. 2019-05-29. Retrieved 2021-10-16.
  5. "Soto, Davidson Reintroduce Token Taxonomy Act". Congressman Darren Soto. 2021-03-10. Retrieved 2021-10-16.
  6. "Waters Announces Digital Assets Working Group". Financial Services Committee. 2021-06-16. Retrieved 2021-10-16.
  7. "- EXAMINING FACEBOOK'S PROPOSED CRYPTOCURRENCY AND ITS IMPACT ON CONSUMERS, INVESTORS, AND THE AMERICAN FINANCIAL SYSTEM". www.govinfo.gov. Retrieved 2021-10-16.
  8. "Darren Soto to lead congressional 'Blockchain Caucus'". Florida Politics - Campaigns & Elections. Lobbying & Government. 2019-01-28. Retrieved 2021-10-16.
  9. "Congressional Blockchain Caucus". Congressional Blockchain Caucus. Retrieved 2021-10-16.
  10. "Evangelizing Blockchain to the US Congress". Orbs. Retrieved 2021-10-16.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.