US Legislator (Courtesy: Twitter)
Latest News

US Introduces New Bill For Study Of Blockchain

US Legislator (Courtesy: Twitter)
US Legislator (Courtesy: Twitter)

Rep. Darren Soto (D-FL), Rep. Brett Guthrie (R-KY) and Rep. Doris Matsui (D-CA) – the United States House Representatives  representatives introduced a new bill for in-depth analysis of blockchain technology in Congress.

On Sept. 1, Rep. Darren Soto (D-FL), Rep. Brett Guthrie (R-KY) and Rep. Doris Matsui (D-CA) introduced a new bill to the House, which was subsequently referred to the Committee on Energy and Commerce.

The bill proposes to direct the U.S. Secretary of Commerce, in consultation with the Federal Trade Commission (FTC), “to conduct a study and submit to Congress a report on the state of the blockchain technology and use in consumer protection, and for other purposes.”

This bill will also allow better understanding of Blockchain across the congress.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.