While the regulatory work on cryptocurrencies continues at full speed, the development in Blockchain technology is increasing. Especially under the pressure of crypto regulation, the USA has added another important item to the recently updated US Technology Law. So much so that it will now be the seat of the Blockchain Advisor to the White House.
The White House Now Has the Chair of Blockchain Advisor
While the efforts to combat inflation in the US continue at full speed, crypto regulatory pressures continue. At this point, the development and importance of Blockchain technology cannot be ignored. That’s why the legislation, with support from both parties in Congress after a House vote on Thursday, is creating a new advisory seat on blockchain and cryptocurrencies to work in the Office of Science and Technology Policy.
Speaking on the subject, Darren Soto, Co-Chair of the Congressional Blockchain Group, made the following statements:
“I am proud to develop the policy needed to ensure innovation continues to take shape in our government”
Finally, let us state that this bill, known as the Chip and Science Act, is considered an important political gain for the party and President Biden.
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