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Groups at the forefront of advocacy Digital assets The industry released a report on Tuesday outlining policy goals to support the blockchain industry.
The Digital Chamber “US Blockchain Roadmap” features six pillars on how to use digital assets to place the US in a leadership role. Blockchain Technology While strengthening the economy and financial system.
“This not only makes the US a leader in blockchain technology, it recognizes that blockchain is an advanced technology and a potential advantage,” Perianne Boring, founder and chairman of the Digital Chamber, told Fox Business in an interview. “This technology, if done right, can bring true benefits to the US economic and financial system.”
The roadmap includes a call for the enactment of the Bitcoin Act. The Bitcoin Act establishes a US strategic Bitcoin Reserve to support the federal balance sheet, promotes the use of stubcoin based on the US dollar, and creates Bitcoin backed Treasury securities.
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Digital Chamber founder and chairman of Perianne Boring spoke about the overview of Fox Business and the group’s blockchain strategy. (Courtesy of Digital Chamber/Fox News)
Bored and Digital Chambers recommended separating Bitcoin Reserve from the President’s other cryptocurrencies Donald Trump It claims that crypto assets, including protected areas alongside Bitcoin, serve a variety of functions.
“It’s important to recognize that these other cryptocurrencies are very different to Bitcoin. It’s not digital gold,” Boring said. “Most of them are smart contract networks and open source platforms for creating distributed applications, making them a very different use case than Digital Gold.”
“We are asking you to separate these two things. You have Bitcoin in your own separate fund for its own use for research and development because you need to access these cryptocurrencies so that you can innovate, build and develop your network.
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Perianne Boring said it ensures that the blockchain platform remains open source and that no censorship is an important policy goal for the industry. (Courtesy of Digital Chamber/Fox News)
The Digital Chamber added that the Research and Development Fund can use these digital platforms to monitor federal spending in real time and streamline other government processes.
“One thing I feel quite strongly about is that government spending should be placed on the blockchain in an invariable, 100% verifiable, publicly auditable ledger, so we can track spending more efficiently and use it to prevent future fraud and abuse,” Boring said.
“We are looking for a research and development fund where governments should study the benefits of blockchain infrastructure in order to use different types of government programs. I think Doge is a great example, but I think there are probably many others.”
Parliament is expected to work on development Market Structure Method This created and clarified the regulatory framework for digital assets in the near future, and the digital chamber roadmap highlighted three key areas for establishing industry clarity.
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The digital chamber sought separate reserves for Bitcoin and other cryptocurrencies due to their differences. (Getty Images/Valerie Press via Getty Images/Bloomberg)
These include establishing clear jurisdictional boundaries between them. Securities and Trade Commission Commodity Futures Trading Commission on Digital Assets. Develop a self-regulatory organisation for digital assets to coordinate with federal regulators. Establish guidelines for tokenized assets in capital markets, real estate and corporate finance to promote investment and recruitment.
Since Digital Chamber’s last blockchain action plan was released in 2019, Boring has stated that it is important and promoted censorship to keep blockchain networks open source. Economic freedom and decentralization It is one area of ​​digital asset policy that has become important ever since.
“It’s really important to build a blockchain infrastructure that doesn’t put the integrity of the blockchain network at risk,” she explained. “These are open source, distributed software networks. So trying to infringe the nature of their open source can not only jeopardize the integrity of these networks, like the security of these networks, but also violate the constitutional rights of Americans.”
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“There have been attempts to censor blockchain networks or to impose different types of regulatory and compliance obligations on the technology itself.
Other components of the digital chamber recommendations include protecting and nurtureing Bitcoin mining in the US. Banking System Include digital assets more easily.
