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US Senate Committee Approves Blockchain Bill As Crypto Insiders Protest Against Regulations

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Based on a recent report, the Department of Commerce is a step closer to a standard definition of “blockchain” on the federal level as the United States Senate Committee on Commerce, Science, and Transportation has granted its approval to the Blockchain Promotion Act on 10th July.

The bipartisan bill creates a blockchain working group and is one of several efforts toward the planning of a defined regulatory framework.

The absence of concrete laws by the U.S. Securities and Exchange Commission is motivating a continuous innovation in order to ignite people across the crypto industry to push for ...

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