To establish a blockchain and cryptocurrency position within the Office of Science and Technology Policy, and for other purposes.

Hozzl · 2022-12-29T18:18:43Z

Explore the details of House Bill 8545 To establish a blockchain and cryptocurrency position within the Office of Science and Technology Policy, and for other purposes. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Science, Technology, Communications. Stay informed on legislative developments.

12/29/2022, 6:18 PM

Summary of Bill HR 8545

Bill 117 hr 8545, also known as the Blockchain and Cryptocurrency Position Establishment Act, aims to create a new position within the Office of Science and Technology Policy specifically dedicated to blockchain technology and cryptocurrency. The bill seeks to recognize the growing importance of these technologies in the modern economy and ensure that the US government is equipped to understand and regulate them effectively.

The proposed position would be responsible for advising the President and other government officials on matters related to blockchain and cryptocurrency, as well as coordinating with other agencies to develop policies and regulations in this area. The bill also includes provisions for conducting research and promoting innovation in blockchain technology and cryptocurrency.

Supporters of the bill argue that establishing this position is crucial for ensuring that the US remains competitive in the rapidly evolving world of digital currencies and decentralized technologies. They believe that having a dedicated expert in this field will help the government make informed decisions and effectively regulate these technologies to protect consumers and promote innovation. Critics of the bill, however, raise concerns about the potential for government overreach and the impact of regulation on the growth of the blockchain and cryptocurrency industry. They argue that excessive regulation could stifle innovation and drive businesses to other countries with more favorable regulatory environments. Overall, the Blockchain and Cryptocurrency Position Establishment Act represents an important step towards recognizing the significance of blockchain technology and cryptocurrency in the modern economy and ensuring that the US government is prepared to address the opportunities and challenges they present.

Congressional Summary of HR 8545

This bill directs the Office of Science and Technology Policy to establish or designate a blockchain and cryptocurrencies advisory specialist position within the office to coordinate federal activities and advise the President on matters of research and development related to blockchain, cryptocurrencies, and distributed ledger technologies.

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Current Status of Bill HR 8545

Bill HR 8545 is currently in the status of Bill Introduced since July 27, 2022. Bill HR 8545 was introduced during Congress 117 and was introduced to the House on July 27, 2022. Bill HR 8545's most recent activity was Referred to the House Committee on Science, Space, and Technology. as of July 27, 2022

Bipartisan Support of Bill HR 8545

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 8545

Primary Policy Focus

Science, Technology, Communications

Alternate Title(s) of Bill HR 8545

To establish a blockchain and cryptocurrency position within the Office of Science and Technology Policy, and for other purposes.To establish a blockchain and cryptocurrency position within the Office of Science and Technology Policy, and for other purposes.

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Comments

Sponsors and Cosponsors of HR 8545

Darren Soto

Florida(Democrat)

Ted Budd

North Carolina(Republican)

Latest Bills

To establish a blockchain and cryptocurrency position within the Office of Science and Technology Policy, and for other purposes.

Summary of Bill HR 8545

Congressional Summary of HR 8545

Read the Full Bill

Current Status of Bill HR 8545

Bipartisan Support of Bill HR 8545

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 8545

Primary Policy Focus

Alternate Title(s) of Bill HR 8545

Comments

Sponsors and Cosponsors of HR 8545

Darren Soto

Ted Budd

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