Crypto friendly White House staffer Mick Mulvaney is the new acting White House Chief of Staff. Formerly the director of the Office of Management (OMB), Mulvaney will replace John Kelly as the gatekeeper to the White House.
Mulvaney is an outspoken supporter of blockchain technology and Bitcoin. During his tenure in the House of Representatives, the lower body of the United States Congress, the South Carolina Republican helped create the Blockchain Caucus, a group of lawmakers dedicated to creating new policies and regulations on the emerging technology.
Two months ago, that same caucus introduced two bills to create a regulatory approach to blockchain tech as well as fostering and supporting growth and innovation. The bills proposed “to increase the support and growth of the technology’s implementation in the public and private sector to improve overall privacy, transparency, and efficiency.”
HR 1108 wishes to “increase research and show Congress’s support for an ‘innovation friendly’ regulatory approach of blockchain technology.”
The other bill, HR 7002 would “amend the E-SIGN Act to confirm the applicability of blockchain to electronic records, electronic signatures, and smart contracts.”
What do you think? Financial institutions are coming into the space. Retail investors are too. We firmly believe we’re early adopters in this space. Have you given up? Or will you persevere? Let us know on our Facebook page
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