DC Blockchain Hearing Sees Call for Congressional Commission

Source : DC Blockchain Hearing Sees Call for Congressional Commission
Members of the U.S. House of Representatives got a crash course on blockchain today, with subcommittees of the Science, Space and Technology Committee meeting to hear testimony on the tech. During the “Beyond Bitcoin: Emerging Applications for Blockchain Technology ” hearing , the House Subcommittee on Research and Technology and the Subcommittee on Oversight asked a range of questions, primarily aimed at getting a sense of which use cases have attracted the most attention today – and could, in theory, wind up being used by the U.S. government itself. Ultimately, the witnesses would recommend that Congress set up a legal framework which would encourage and, perhaps, even fund research into uses of the technology within the public sphere. “I would encourage Congress to commission a blockchain advisory group,” said Aaron Wright, an associate clinical professor at the Benjamin N. Cardozo School of Law and co-director of its Blockchain Project.  He later elaborated: “So the idea with the blockchain commission would be to provide a degree of uniformity and a unified approach to the numerous regulatory decisions. Some issues raised by the witnesses today – there’s privacy issue, identity issues, consumer protection, commodities laws, and there’s competing interpretations that have been issued […]
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