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US Congress Votes to Pass a Bill Supporting Blockchain Technology

The US House of Representatives has passed a non-binding resolution calling for a national technology innovation policy that includes supportive language for digital currencies and blockchain technology. Introduced in July, the resolution calls on the US government to craft a national policy for technology, with specific mentions for digital currencies and blockchain. The bill was written by Illinois Representative Adam Kinzinger, with Representative Tony Cardenas from California sponsoring.

This is the first major push by Congress to support Bitcoin and other cryptocurrencies, and is considered by many as a monumental moment in history that will change the future of cryptocurrency, and blockchain technology in a huge way.

News Characteristics

Date : Sep 12, 2016
Region : North America
Industry : Government
Function : Operations and IT
Sub-Function : Business Transformation