Congressmen launch blockchain caucus to create public policies for virtual currencies

Feb. 15, 2017

Two U.S. congressmen have launched the Congressional Blockchain Caucus, aimed at creating public policy for virtual currencies, according to the Idaho Business Review.

Reps. Jared Polis, D-Colorado, and David Schweikert, R-Arizona, announced the creation of the bipartisan Congressional Blockchain Caucus on Feb. 10.

"Lawmakers need to understand that as the world rapidly changes, it's our responsibility to ensure that we craft policies and adapt laws that match our ingenuity," Polis said. "Blockchain's potential to reshape everything from the financial industry, to supply chains, to cybersecurity, to health care is something we should embrace."

The caucus will seek to educate, engage and provide research to help policymakers implement regulatory approaches to the issues raised by blockchain-based technologies and networks.

Coin Center, a Washington D.C. nonprofit, supports the creation of the caucus. Coin Center is a research and advocacy center focused on public policy issues around cryptocurrency and decentralized computing technologies like bitcoin and Ethereum.

The caucus also has the support of the Chamber of Digital Commerce, a group that represents innovators in blockchain technology.

Topics: Bitcoin, Blockchain, Cryptocurrency, Regulation

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