## US House Approves Blockchain Promotion Act (HB1664) The US House of Representatives has passed the Blockchain Promotion Act (HB1664), signaling strong bipartisan support for fostering blockchain technology within the United States. This legislation mandates the Department of Commerce to take several key actions. Firstly, the Department must establish policies designed to strengthen US competitiveness in the global blockchain landscape. Secondly, it aims to support the adoption of blockchain solutions by various government agencies, streamlining processes and enhancing efficiency. The Act also calls for the development of clear guidelines and best practices for blockchain implementation. Finally, it emphasizes the importance of supporting open-source blockchain infrastructure to encourage innovation and collaboration. This Act is a significant step towards recognizing the potential of blockchain technology and positioning the US as a leader in its development and application across various sectors. ```