Jan 3, 2021 11:25 UTC
Jan 3, 2021 at 11:25 UTC
Representing Soto pursues to create an office to ‘coordinate’ Federal usage of blockchain technology
The devoted office would supervise ‘all non-defense linked deployment & activities connected to blockchain technology within the Federal Government.’
A novel bill marched on Thursday, H.R.9067, pursues to create an office that will ‘coordinate’ federal requests of blockchain technology.
Supported by Representing Darren Soto, a Democrat representing Florida’s 9th district, the bill would ‘found an office within the Department of Commerce to organize all non-defense related deployment & activities connected to blockchain technology within the Federal Government.’
As of December 31, the bill was mentioned to the House Committee on Energy & Commerce.
Though the text of the bill has hitherto to be free, the bill’s sponsor may give some sign of the types of blockchain technology applications such an office would pursue to ‘coordinate’
Soto has established in new months to be a progressively vocal proponent for both cryptocurrencies — which he receives for campaign donations & blockchain technology over-all.
Subsequent news that the US Postal Service had marched a patent for a blockchain founded mail-in voting system, the co-chairman of the Blockchain Caucus said Cointelegraph in an interview that he expected it would be put to use in the nearby future.
He said ‘Certainly I could see it being utilized very soon, over a subsequent couple of election cycles,’.
Moreover, in September Soto proclaimed the culmination of ‘nearly two years of pushing’ his colleagues in the Committee on Energy & Commerce: The Digital Taxonomy Act, which will chief to a study on the usage of blockchain technology in government. Making an office as labeled by H.R.9067 would seemingly lead to faster acceptance & application of such technologies.
Soto’s cryptocurrency advocacy has been especially robust as of late. The Florida native was also amongst the nine congresspeople who chastised the Treasury for letting just over 2 weeks for comments on a novel crypto monitoring rule. The rule has run to a call-to-arms throughout the cryptocurrency community, & few have speculated that the Treasury might face a lawsuit for violating the process.