House Panel Approves Bill for U.S. Blockchain Dominance

The bill's unanimous approval on Dec. 5 signifies a substantial move toward greater U.S. blockchain adoption.

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In a concise 13 pages, the legislation directs Commerce Secretary Gina Raimondo to enhance the country's competitiveness in blockchain technologies.

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Cody Carbone of the Chamber of Digital Commerce praises the decision, emphasizing the bill's pivotal role in preserving U.S. blockchain leadership.

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Kristin Smith, CEO of the Blockchain Association, recognizes the bill's significance in advancing the nation's standing in the emerging blockchain sector.

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The Deploying American Blockchains Act heads to the House for a vote, with subsequent approval needed from the Senate, Congress, and the President.

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