According to Queen Telegraph, on May 19, Rep. Brett Guthrie introduced the blockchain advanced law.
According to the draft legislation, the bill requires the Federal Trade Commission and the Secretary of Commerce to develop a new survey of the uses of Blockchain and the state of adoption in the United States.
Create jurisdictions for different federal agencies
The bill looks for a new definition of the role of federal agencies, and requires regulators in charge of the survey to do the following: Conduct a survey of federal activity related to Blockchain technology for [.. .] Develop a brief description of the power and expertise of federal agencies regarding blockchain technology.
This can create a new clarity to determine which regulatory agency deals with what, but it should be noted that the bill does not mention cryptocurrencies or digital assets. p>
The current text of the bill also appears to focus on Blockchain's uses in interstate commerce, and would likely include, for example, supply chain management. p>
Given the role of Guthrie in the House Energy and Trade Committee, it is likely that blockchain use in the energy sector will be attractive to him as well.
Blockchain World Classification
In a particularly interesting provision of the bill, Guthrie looks to the U.S. rating relative to other countries in adopting Blockchain, and calls for action: an international survey of other countries To create a summary of no less than 10 countries and not more than the countries that comprise each country's national strategy on Blockchain technology to locate the United States regarding the development and adoption of Blockchain technology.
When Guthrie announced the bill, he singled out China as a competitor, saying: America is a country of innovation and enterprise - and we need to preserve it this way. We cannot let China defeat us.
