The U.S. Congressional Energy and Commerce Committee recently unanimously passed the Deploying America’s Blockchain Act of 2023, a major move to embrace blockchain technology. The bill passed by a 46-0 majority and is part of a comprehensive bill. Forty-four pieces of legislation were discussed at the meeting.
Secretary of Commerce develops implementation guidelines
The primary goal of this legislation is to authorize the Secretary of Commerce to take necessary and appropriate actions to enhance U.S. competitiveness in emerging technology areas.
Under the bill, the Secretary assumes the key role of principal advisor to the President, providing policy guidance on all aspects related to applications, tokens, and tokenization.