Rep. Soto seeks to create office to 'coordinate' Federal use of blockchain tech

Rep. Soto seeks to create workplace to ‘coordinate’ Federal use of blockchain tech

A brand new invoice filed on Thursday, H.R.9067, seeks to create an workplace that can “coordinate” federal purposes of blockchain expertise. 

Sponsored by Rep. Darren Soto, a Democrat representing Florida’s ninth district, the invoice would “set up an workplace inside the Division of Commerce to coordinate all non-defense associated deployment and actions associated to blockchain expertise inside the Federal Authorities.”

As of Dec. 31, the invoice was referred to the Home Committee on Vitality and Commerce.

Whereas the textual content of the invoice has but to be launched, the invoice’s sponsor would possibly give some indication of the sorts of blockchain expertise purposes such an workplace would search to “coordinate.”

Soto has confirmed in latest months to be an more and more vocal proponent for each cryptocurrencies — which he accepts for marketing campaign donations — and for blockchain expertise usually.

Following information that america Postal Service had filed a patent for a blockchain-based mail-in voting system, the co-chairman of the Blockchain Caucus instructed Cointelegraph in an interview that he hoped it could be put to make use of within the close to future.

“Actually I might see it being utilized very quickly, over the following couple of election cycles,” he stated.

Moreover, in September Soto introduced the fruits of “almost two years of pushing” his colleagues within the Committee on Vitality and Commerce: the Digital Taxonomy Act, which is able to result in a research on the usage of blockchain expertise in authorities. Creating an workplace as described by H.R.9067 would presumably result in sooner adoption and implementation of such applied sciences.

Soto’s cryptocurrency advocacy has been particularly robust as of late. The Florida native was additionally among the many 9 congresspeople who chastised the Treasury for permitting simply over two weeks for feedback on a brand new crypto monitoring rule. The rule has led to a call-to-arms throughout the cryptocurrency neighborhood, and a few have speculated that the Treasury might face a lawsuit for violating process.