What Could Legislation Do for Bitcoin in the US?

A section of US Democrat and Republican congressmen now agree to something about cryptocurrencies: the need for them, as lawmakers, to know more about what it is.
According to U. S. Rep. Mick Mulvaney, most of the lawmakers do not know the difference between bitcoin and the blockchain technology hence the formation of the bipartisan Blockchain Caucus last month to help their colleagues stay up to speed on evolving digital currency and blockchain technologies, and develop policies that advance them.
‘…we really started this caucus as a sort of way to introduce our colleagues and their staff members to what this technology is so that when they start to hear more and more about it, and they will start to hear more about it, that they have good information as we start to talk about things we can do in terms of government policies,’ Mulvaney told Bloomberg in a live interview about the caucus – or the congressional member organization – he co-founded with Jared Polis, a Democrat from Colorado. ‘We don’t care what you think about bitcoin – you like it or you don’t like it, the underlying distributed ledger technology is real and its potentials exist far beyond its application in the financial services. That’s what we’ve been trying to introduce folks to.’

This post was published at Crypto Coins News on 09/10/2016.