The Congressional Blockchain Caucus is a bi-partisan group of members of U.S. Congress and staff. The caucus was founded during the 114th United States Congress to be a platform for industry and government to study and understand Blockchain technology, and the role Congress can play in its development.[1][2][3]
History
The Congressional Blockchain Caucus was formed in September 26, 2016, to study blockchain technology. The Congressional Blockchain Caucus was formed by Jared Polis, a Democrat congressman from Colorado, and Mick Mulvaney, a Republican representing South Carolina.
A letter dated March 24, 2019, was sent to the Honorable Lawrence Kudlow, the Director of the National Economic Council by seven Congressmen. The letter requested that the administration have a forum on blockchain technology and initiate blockchain technology. An emerging digital innovation technology. The signers of the letter were congressmen, Trey Hollingsworth, Darren Soto, Bill Foster, Tom Emmer, Ted Budd, Josh Gottheimer and David Schweikert.[4]
In March 2021, the Token Taxonomy Act was reintroduced by Representatives Darren Soto (D-FL) and Warren Davidson (R-OH) reintroduced the Token Taxonomy Act. The bill's co-sponsors are Ted Budd (R-NC), Scott Perry (R-PA) and Josh Gottheimer (D-NJ). [5]
In a press release dated June 16, 2021, Congresswoman Maxine Waters, chairwoman of the U.S. House Committee on Financial Services announced the starting of a Digital Assets Working Group for Democrat members of Congress. Bill Foster (D-Il), who is Chair of the Task Force on Artificial Intelligence, a co-founder of the Congressional Blockchain Group, is a member of this new Digital Assets Working Group. the task force. the Congressional Blockchain Caucus working caucus with the focus on cryptocurrency policy.[6][7]
Purpose
The caucus was formed to be a platform for industry and government to study and understand blockchain technology.
Co-Chairs
- Tom Emmer, (R-Minn)
- David Schweikert, (R-Ariz.)
- Darren Soto, (D-Fla.)[8]
- Bill Foster (politician) (D-Ill.).[9][10]
Members
- Congressman Ted Budd
- Congressman Troy Carter (politician)
- Congressman Jim Cooper Democrat- Tennessee
- Congressman John Curtis (Utah politician)
- Congressman Warren Davidson
- Congressman Jeff Duncan (politician)
- Congressman Matt Gaetz
- Congressman Greg Gianforte
- Representative Anthony Gonzalez (politician)
- Congressman Josh Gottheimer
- Congressman Denny Heck
- Congressman Bill Huizenga
- Congressman Ro Khanna
- Congressman Raja Krishnamoorthi
- Congressman John Larson
- Congressman Dan Lipinski
- Congressman Frank Lucas (Oklahoma politician)
- Congressman Stephen F. Lynch
- Congresswoman Nancy Mace
- Congressman Jerry McNerney
- Congresswoman Marie Newman
- Congressman Ralph Norman
- Congresswoman Stacey Plaskett
- Congressman Bryan Steil
- Congressman Eric Swalwell
- Congressman Van Taylor
- Congressman Glenn Thompson (politician)
- Congressman Michael Waltz
- Congressman Rob Wittman
State & City Initiatives
Missouri - Mayor Jayson Stewart of Cool Valley in St. Louis County, Missouri proposes an initiative to give its about 1,500 citizens bitcoins in the amount of $500 to $1,000. [11]
Florida - Reported in August 2021, Miami, Florida, Mayor Francis Suarez debuted the Miami, MiamiCoin. The first Citycoin to market.[12]
New York City- November 8, 2021, in an interview with CNN's "State of the Union, ' Eric Adams the Mayor elect of New York City stated that cryptocurrency and blockchain technology should be part of school curriculum.[13]
Wyoming - In 2019, Wyoming started to integrate the U.S. banking system into digital assets and cryptocurrencies. Wyoming has written more than 24 bills related to blockchain technology. Cynthia Lummis U.S. Senator from Wyoming proposed crypto amendment to the infrastructure bill. The State also wrote bills to address issues of concern in regards to cryptocurrencies and digital assets; issues regarding asset custody and money laundering to be regulated by Special Purpose Depository Institution for banks.
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