‘Govt should stay out of the way atimes’: US government official on Blockchain

‘Govt should stay out of the way atimes’: US government official on Blockchain

US government official on Blockchain

A United States senior government official has revealed that the country was closely monitoring global approaches to blockchain in a speech at the 4th Annual DC Blockchain Summit on March 6th this year.

It was organized by blockchain advocacy group the Chamber of Digital Commerce (CDC) and featured various influential speakers from U.S. politics.

Acting Under Secretary of State for Economic Growth, Energy, and the Environment, Manisha Singh, discussing domestic and coordinated international efforts around blockchain, explained that the Trump Administration was busy surveying other states’ activities in the area.

On the State Department’s perspective on blockchain and what the agency looks to other nations for, Singh stated:

“We want to see other countries adopt light-touch and compatible regulations so the private sector has room to innovate and perfect potential new uses for blockchain. As the government, sometimes the best thing we can do to help is stay out of the way.”

On the State Department’s current role, she said the agency is currently studying the technology with researches. She stated: “blockchain technology is becoming a global phenomenon. It is therefore essential that we better understand this cutting-edge technology, as it becomes more widely adopted in our economy.”

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