Congress

Blockchain gains congressional support

Placeholder image for article template

The digital ledger system underpinning Bitcoin is gaining support from lawmakers on both sides of the aisle.

Reps. Jared Polis (D-Colo.) and Mick Mulvaney (R-S.C.) launched the Congressional Blockchain Caucus to advance political discussion and policy development for blockchain-based technologies and digital currencies -- and to educate colleagues on what blockchain is.

"The Blockchain Caucus will focus on raising awareness, advancing ideas that foster growth and safeguarding consumers," Polis said in a statement. "It's vital for Americans, businesses and members of Congress to learn about blockchain so the U.S. can continue to secure its stance as the global leader of ingenuity."

Blockchain is generally thought of in relation to Bitcoin, but its ability to maintain an encrypted record of transactions has piqued some interest in government circles about its other potential uses.

"The blockchain has boundless potential," Polis said. "From cryptocurrencies to supply chains to banking to property titling, blockchain-based solutions have the ability to decentralize cybersecurity and revolutionize many industries."

During his time in Congress, Polis has demonstrated a special interest in digital endeavors. In 2014, he hosted a Bitcoin Demo Day on Capitol Hill, and he co-chairs the Congressional Caucus on Innovation and Entrepreneurship and the Open-Source Technology Caucus.

When running for re-election in 2014, Polis' campaign website accepted donations in the form of bitcoin.

About the Author

Chase Gunter is a staff writer covering civilian agencies, workforce issues, health IT, open data and innovation.

Prior to joining FCW, Gunter reported for the C-Ville Weekly in Charlottesville, Va., and served as a college sports beat writer for the South Boston (Va.) News and Record. He started at FCW as an editorial fellow before joining the team full-time as a reporter.

Gunter is a graduate of the University of Virginia, where his emphases were English, history and media studies.

Click here for previous articles by Gunter, or connect with him on Twitter: @WChaseGunter

Featured

  • Cybersecurity

    DHS floats 'collective defense' model for cybersecurity

    Homeland Security Secretary Kirstjen Nielsen wants her department to have a more direct role in defending the private sector and critical infrastructure entities from cyberthreats.

  • Defense
    Defense Secretary James Mattis testifies at an April 12 hearing of the House Armed Services Committee.

    Mattis: Cloud deal not tailored for Amazon

    On Capitol Hill, Defense Secretary Jim Mattis sought to quell "rumors" that the Pentagon's planned single-award cloud acquisition was designed with Amazon Web Services in mind.

  • Census
    shutterstock image

    2020 Census to include citizenship question

    The Department of Commerce is breaking with recent practice and restoring a question about respondent citizenship last used in 1950, despite being urged not to by former Census directors and outside experts.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.