Political Quotes

“Today, I am pleased that the House passed, as part of the Consumer Safety Inspection Enhancement Act, two pieces of legislation that we were able to offer in the Energy and Commerce Committee, the Digital Taxonomy Act, H.R. 2154, and the Blockchain Innovation Act, H.R. 8153. We were very pleased to work in a bipartisan fashion to secure the inclusion of these two bills. Both bills will study and highlight the consumer protection aspects of blockchain technology and digital assets. They are the first blockchain bills to pass the House. H.R. 8153, the Blockchain Innovation Act, directs the Department of Commerce, in consultation with the Federal Trade Commission, to conduct a study and submit to the Congress a report on the state of blockchain technology in commerce, including its use to reduce fraud and increase security. It is setting up a larger long-term goal that we have to establish a blockchain center of excellence within the Commerce Department. Blockchain has enormous potential for innovation and economic growth. I believe, as government officials, we need to support that growth and enable its appropriate use for government business and consumers. We will continue to push until we have these policy objectives put into law with proper regulations so we can best position ourselves to be leaders in this space, especially when we see rivals like China and Russia pushing in these technologies.…”