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October 4, 2022
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– Bitcoin, cryptocurrencies and blockchain technology.

Congressman Darren Soto wants a special bureau to oversee “All non-defense deployments and blockchain activities within the federal government.” He presented his bill in a new law, which was submitted on Thursday in the House of Representatives.

Darren Sotto wants US policy coordination on blockchain

The project of Darren Soto, Democrat representing Florida’s 9th arrondissement, would “Establish an office within the Department of Commerce to coordinate all non-defense deployments and blockchain activities in the federal government.” On December 31, the project was submitted to the Chamber of Energy and Trade.

While the text of the law has yet to be published, Soto says its goal is to coordinate blockchain policy in the US.

Cryptocurrency fan in Congress

In recent months, the politician has proved that he is an increasingly vocal advocate of both cryptocurrencies – which he has already accepted as donations for his campaign – and blockchain technology in general.

For example, following news that the US Post Office had filed a patent for a blockchain-based postal voting system, Soto told Cointelegraph that he hoped it would be put into practice in the near future.

– He certainly wants to see how [patent] will be used very quickly, in the next few election cycles – He said.

The creation of the said office, as described in Law H.R.9067, would likely lead to faster adoption and implementation of technologies such as blockchain in US legislation.

Soto’s advocacy for cryptocurrencies has been particularly prominent lately. The Florida politician was also one of nine congressmen who rebuked the Treasury for the government’s willingness to regulate the digital currency wallet market so quickly. The cryptocurrency community only received a period of two weeks to submit any comments on the new law on monitoring the address market in digital currency networks.

It is known that the US authorities – belonging to the outgoing administration of Donald Trump – want cryptocurrency exchanges to receive more information from their clients about the funds being sent.

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