Introduced last week on Tuesday, September 1, 2020, the “U. S. Competitiveness of a More Productive Emerging Technology Economy Act” (U. S. COMPETE Act) will already be discussed a week later at a House Energy and Commerce Committee benchmark hearing tomorrow. the bill may simply mean that it may be the first bill to be voted on by the House of Representatives which, in particular, seeks to ensure that the United States is competitive in generating blockchain compared to China.
Congressman Bobthrough Rush (D-IL) and Congresswoman Cathy McMorris Rodgers (R-WA) sponsored the American COMPETE Act with 12 co-sponsors, as well as Congressional Congressional Congressman Darren Soto (D-FL). asks for one through the Department of Commerce and the Federal Trade Commission to advance blockchain generation in the United States.
The new bill requires studies of this kind on a variety of emerging technologies such as artificial intelligence, quantum computing, the Internet of Things (IoT) and blockchain. “Emerging technologies, such as quantum computing and blockchain technology, have radically expanded humanity’s horizons. convert the way we exchange data and interact with the world around us,” Representative Rush said.
Trade and the FTC should make 4 key recommendations to Congress, adding how to drive blockchain progression in the United States, a national strategy to advance the position of U. S. industry sectors around the world, tactics to protect the market and source. chain. blockchain of foreign actors, as well as any law that may lead to the immediate adoption of technology.
McMorris Rodgers explained what it’s like to “beat China” in emerging technologies. “As we have noticed beyond global crises and in recent months, the Chinese Communist Party will do everything in its power to move forward by stealing, deceiving and subsidizing its state. “We can’t subsidize China or beat them in their own game, we shouldn’t either,” McMorris Rodgers said.
China’s blockchain-based service network (BSN) grew in 2020 and is described on its online page as a “. . . network used to implement and operate all kinds of programs distributed via blockchain (DApp)” has already incorporated six public blockchains that add Tezos, NEO, Nervos, EOS, IRISnet and Ethereum, meaning that developers around the world are asked to innovenate the blockchain on cheap Chinese knowledge servers , with the possibility of seeing China and not the United States becoming the next epicenter of the Internet. The full American COMPETE Act will be held here and tomorrow’s hearing will also be held for the public tomorrow.
I’m a former U. S. regulator. Hus With the FDIC, compliance reviewer for the Making Home Affordable (HAMP) program with the Treasury, and I’ve been in bitcoin and
I am a former US FDIC regulator, Treasury’s Making Home Affordable (HAMP) Program Compliance Examiner, and have been active in bitcoin and blockchain since 2016. I have worked in the Money Markets divisions and the Chief Financial Officer. Finance during the 2008-2009 Global Financial Crisis runs on qualitative and quantitative problems spanning IndyMac Bank, Washington Mutual, Wachovia, Lehman Brothers, AIG, Citigroup, Merrill Lynch, and Bank of America. Supported IndyMac Bank’s FDIC board with deposit analysis, researched and explained artificial secured debt obligations, credit default swaps, compiled the exposure of net notional derivatives in the monetary formula, and analyzed the new Federal Reserve formulas for stabilize the economy. interested in the importance of accepting as true in the monetary formula and how the United States government handles the concept of accepting as true. With the advent of the bitcoin and blockchain generation through a colleague in 2016, I entered the blockchain industry, first with the Digital Chamber of Commerce as director of operations for policy, then as a political ambassador for ConsenSys. Lately I am the founding CEO and president of a new non-profit organization called Value Technology Foundation, with the goal of exclusively conducting educational and charitable activities in relation to virtual assets, blockchain, distributed ledger technologies and ‘other applicable “valuable” technologies to the public. economic and welfare benefits of the citizens of the United States. I graduated from Cornell University in Government (BA, 1997) and Kogod School of Business (MBA, 2009).