A U.S. lawmaker desires the federal authorities to start contemplating a nationwide blockchain technique.
On Tuesday, U.S. Home Rep. Brett Guthrie (R-Kent.) launched a invoice calling on the Federal Commerce Fee (FTC) to survey the prevalence of blockchain applied sciences throughout trade, authorities and the globe. CoinDesk obtained a draft model of the invoice, HB6938, which is shared in full beneath.
If handed, the invoice, which had no cosponsors when referred to the Home Power And Commerce Committee, would give the FTC two years to conduct the survey and an additional six months to advise Congress on what it discovered.
Guthrie requires suggestions on state-level blockchain adoption, enterprise sector blockchain adoption, blockchain improvement plans, threat mitigation methods, legislative frameworks and how one can consolidate doubtlessly prohibitive federal statutes.
The advice package deal would successfully define a complete blockchain technique for the US.
Some U.S. allies have already got such a framework, together with Germany. (The proposed FTC survey would give lawmakers a rundown of not less than 10 nations’ blockchain methods’ relative to the U.S.).
However Guthrie’s important concern seems to be the clear chief of nationwide blockchain methods, and an adversarial one at that: China.
“We can not let China beat us,” he mentioned in a press assertion.
Staying a step forward of China has gotten solely extra essential within the age of COVID-19, Guthrie mentioned.
“The continued coronavirus pandemic has made it clear that we have to keep American management in know-how,” he mentioned within the assertion. “America is a nation of innovation and enterprise – and we have to preserve it that means.”
Learn the complete draft invoice beneath:
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