Soto Reintroduces the Blockchain Technology Coordination Act
WASHINGTON, D.C. – Yesterday, Congressman Darren Soto (FL-09) reintroduced H.R. 3543, the Blockchain Technology Coordination Act (BTCA) of 2021 to establish a Blockchain Center of Excellence within the U.S. Department of Commerce. The office would oversee all non-defense related deployment and activities related to blockchain technology within the federal government.
“In order to ensure that the U.S. does not fall behind on research and development, we must embrace blockchain technology and explore all of the ways in which it can help our nation grow,” said Congressman Darren Soto. “The creation of a Blockchain Center of Excellence within the U.S. Department of Commerce would encourage innovation and put us ahead of the curve as the global community continues to make quick progress in this space.”
“The Chamber of Digital Commerce is proud to support this important legislation to establish a key resource for blockchain technology within the Department of Commerce,” said Chamber of Digital Commerce Chief Policy Officer Amy Davine Kim. “The U.S. cannot fall behind in competitiveness for this critical technology as the EU, China, and others develop strategies to capture its benefits and make blockchain a national priority. Now, more than ever, an Office is needed to support blockchain innovation in the United States and we are thankful to Congressman Soto for his continued vision and leadership.”
Currently, the bill has been referred to the House Committee on Energy and Commerce, of which Rep. Soto is a member. Please click here for the full text of the bill.