The US Congress proposed the Government to study the use of blockchain technology in commerce

The US Congress is currently reviewing a bill aimed at directing the government to study the use of blockchain technology in commerce.

US Representative Darren Soto introduced bill H.R.8153 to the House of Representatives on September 1, which was then forwarded to the Commission on Energy and Commerce on the same day.

“Direct the Secretary of Commerce, in consultation with the Federal Trade Commission, to conduct a study and submit to Congress a report on the state of blockchain technology and its use in consumer protection. used as well as for other purposes ”, according to Congress.gov.

Soto, a Democrat from Florida, co-chaired the congressional blockchain caucus. Earlier this year, he urged the Ministry of Finance to use distributed ledger and blockchain (DLT) technology in the nation’s effort to mitigate the economic impacts of the corona virus crisis.

Soto’s bill is also being co-sponsored by Representatives Brett Guthrie (R-KY) and Doris Matsui (D-CA).

In May, Guthrie introduced the Advancing Blockchain Act, which calls for a similar examination of blockchain technology by the Federal Trade Commission and the Minister of Commerce.

The bill will direct the FTC and other relevant federal agencies to conduct a survey on industries using and developing blockchain technology, and to use that survey to set directions for strategy. blockchain country.

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