Political Quotes

“Mr. Speaker, I rise in support of H.R. 6572, the Deploying American Blockchains Act, that I introduced alongside Representative Lisa Blunt Rochester. This bill will promote American innovation and help develop the use of blockchains and distributed ledger technologies throughout the U.S. economy. Americans are leaders in utilizing blockchains in public and private sector areas, ranging from ensuring the traceability of drugs to managing supply chains for manufacturers. Unfortunately, in recent years, our leadership position has seriously diminished as other countries see and embrace the promise that blockchains hold. According to a 2023 report, the United States is at serious risk of losing its global leadership in blockchain. In 2015, 40 percent of blockchain developers were based in the United States. In 2022, that number was just 29 percent and dropping. Our share continues to dwindle. The Deploying American Blockchains Act will help rectify this trend by requiring the Secretary of Commerce to create a program to help promote the competitiveness of the United States in the deployment, use, and application of blockchains. Instead of pushing American innovators abroad, the Department of Commerce should work with American innovators to build their products here. Mr. Speaker, I urge my colleagues to support the Deploying American Blockchains Act.”