Pro-Blockchain Bill Unanimously Approved by U.S. House Committee

A pro-blockchain bill, known as the “Deploying American Blockchains Act,” has received unanimous approval from the U.S. House Committee on Energy and Commerce. The legislation aims to direct the U.S. Secretary of Commerce to support and promote the competitiveness of the United States in deploying, using, and applying blockchain technology or other distributed ledger technology. While not a high-profile bill, its approval signifies a positive step for blockchain-friendly initiatives in Congress. The legislation has yet to face further scrutiny and approval by the overall House.