Darren Soto Brings Out the Blockchain Technology Coordination Act

This week, a Central Florida congressman brought back his proposal to create a Blockchain Center of Excellence in the U.S. Commerce Department.

U.S. Rep. Darren Soto, D-Fla., brought back his “Blockchain Technology Coordination Act (BTCA)” to create the center.

“The office would oversee all non-defense-related deployment and activities related to blockchain technology within the federal government,” the congressman’s office noted.

“In order to ensure that the U.S. does not fall behind on research and development, we must embrace blockchain technology and explore all of the ways in which it can help our nation grow,” said Soto on Wednesday. “The creation of a Blockchain Center of Excellence within the U.S. Department of Commerce would encourage innovation and put us ahead of the curve as the global community continues to make quick progress in this space.”

“The Chamber of Digital Commerce is proud to support this important legislation to establish a key resource for blockchain technology within the Department of Commerce,” said Chamber of Digital Commerce Chief Policy Officer Amy Davine Kim. “The U.S. cannot fall behind in competitiveness for this critical technology as the EU, China, and others develop strategies to capture its benefits and make blockchain a national priority. Now, more than ever, an Office is needed to support blockchain innovation in the United States and we are thankful to Congressman Soto for his continued vision and leadership.”

The bill was sent to the U.S. House Energy and Commerce Committee on which Soto sits. So far, he has not reeled in any House co-sponsors and there is no companion measure in the U.S. Senate.

First elected to Congress in 2016 after serving in both chambers of the Florida Legislature, Soto has been active on technology issues. including blockchain matters, during his three terms on Capitol Hill. He co-chairs the New Democrat Coalition’s Technology Task Force and is a co-chair of the Congressional Blockchain Caucus. He is also part of the Democratic leadership as an assistant regional whip.

Representing all of Osceola County and parts of Orange and Polk Counties, Soto sits in what is considered a secure district for Democrats.

 

Reach Kevin Derby at kevin.derby@floridadaily.com.

 

KEVIN DERBY
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