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.

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

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

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

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