Ethereum

United

Wednesday

Bitcoin

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noreferrer noopener" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div> 
<p class="has-drop-cap">On Monday, the Washington Technology Industry Association <a aria-label="announced the launch (opens in a new tab)" href="https://www.prnewswire.com/news-releases/more-than-40-states-unite-to-launch-united-states-blockchain-coalition-301795035.html#:~:text=The%20U.S.%20Blockchain%20Coalition%20(USBC,policy%2C%20education%2C%20and%20adoption" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">announced the launch</a> of a United States Blockchain Coalition (USBC) – an organization established by more than 40 states to drive multistate collaboration across the blockchain and digital asset ecosystems. The move aims to help blockchain and crypto companies to increase their influence on legislation or policy developments.</p> 
<h3 id="usbc-launches-to-promote-multi-state-collaboration-across-the-blockchain-environment">USBC Launches to Promote Multi-state Collaboration Across the Blockchain Environment</h3> 
<p>More than 40 US states announced on Wednesday the launch of the United States Blockchain Coalition (USBC) – the first-of-its-kind institution created to “drive multistate collaboration and maintain American leadership in digital asset, Bitcoin, and <a aria-label="distributed ledger technologies (opens in a new tab)" href="https://corporatefinanceinstitute.com/resources/cryptocurrency/distributed-ledger-technology/" target="_blank" rel="noreferrer noopener nofollow" class="deco-link">distributed ledger technologies</a> (DLT).”</p> 
<p>Companies in the burgeoning digital asset, crypto, and DLT sectors often do not have enough individual influence to impact legislation or policy outcomes. To address this issue, representatives from Texas, Washington, California, Florida, Wyoming, and Pennsylvania, among other states, joined forces to launch an organization with a multi-state approach.</p> 
<p>Through hyperlocal relationships, USBC would be able “to seek consistent policies at the state level through alignment on public policy and legislative priorities. “</p> 
<p>Member states of the USBC plan to emphasize and classify use cases across the US, offer accessible education to lawmakers, build relationships with regulatory authorities, and look for new partnerships with industry participants, government, and investors to facilitate the sector’s growth in the country.</p> 
<div class="cta-referral"> 
 <img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async"> 
 <div class="cta-referral__text"> 
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noreferrer noopener nofollow">Telegram group</a>&nbsp;and never miss a breaking digital asset story.</p> 
 </div> 
</div> 
<h3 id="usbc-can-prepare-blockchain-industry-for-the-next-growth-stage">USBC Can Prepare Blockchain Industry for the Next Growth Stage</h3> 
<p>The formation of the USBC comes in the wake of the <a href="https://www.pwc.com/us/en/industries/financial-services/library/cryptocurrency-evolution.html" target="_blank" aria-label="remarkable growth (opens in a new tab)" rel="noreferrer noopener nofollow" class="deco-link">remarkable growth</a> of the blockchain and digital asset sectors in recent years. The nascent technology has gained widespread attention as it offers a secure, decentralized, and transparent way of storing and transferring data and value, with cryptocurrencies like Bitcoin and Ethereum becoming household names.</p> 
<blockquote class="wp-block-quote"> 
 <p>“The Bitcoin and blockchain industry is in a unique position – it has matured past infancy and is on the cusp of widespread adoption. Together, USBC members can lay the building blocks of what’s next for our industry and create a coherent operational environment for all states.”</p> <cite>– said Lee Bratcher, Co-Chair of United States Blockchain Council and President of Texas Blockchain Council.</cite>
</blockquote> 
<p>However, besides offering clear benefits, the technology also poses serious risks that must be addressed to maintain meaningful growth. These risks have been highlighted by a <a href="https://tokenist.com/blockfi-announces-bankruptcy-as-ftx-contagion-spreads/" rel="dofollow" class="deco-link">series of collapses</a> and <a href="https://tokenist.com/a-record-3-7b-was-stolen-in-crypto-hacks-in-2022-defi-most-targeted/" rel="dofollow" class="deco-link">hacks in recent years</a>, forcing global regulators to tighten their scrutiny of the industry to protect investors.</p> 
<div class="cta-sub js__cta-sub"> 
 <div class="cta-sub__start" data-step="1"> 
  <div class="cta-sub__title">
   <strong>Finance is changing.</strong>
  </div> 
  <div class="cta-sub__subtitle">
   Learn how, with Five Minute Finance.
  </div> 
  <div class="cta-sub__excerpt">
   A weekly newsletter that covers the big trends in FinTech and Decentralized Finance.
  </div> <button type="button" class="btn">Try it out (for free)</button> 
 </div> 
 <div class="cta-sub__form" data-step="2" style="display: none;"> 
  <script type="text/javascript" src="https://app.getresponse.com/view_webform_v2.js?u=QcLhh&amp;webforms_id=zw3Wv"></script> 
 </div> 
 <div class="cta-sub__result" data-step="3" style="display: none;"> 
  <div class="cta-sub__title">
   Awesome
  </div> 
  <div class="cta-sub__caption">
   You’ve subscribed.
  </div> 
  <div class="cta-sub__greeting">
   You’re well on your way to being in the know.
  </div> 
 </div> 
</div> 
<p><em><strong>Do you think establishing an organization such as USBC was needed in the US? Let us know in the comments below.</strong></em></p> 
<p>The post <a rel="nofollow" href="https://tokenist.com/over-40-us-states-to-launch-a-united-states-blockchain-coalition/">Over 40 States to Launch a United States Blockchain Coalition</a> appeared first on <a rel="nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Over 40 States to Launch a United States Blockchain Coalition

Table of Contents

Tokenist

Other articles published on Apr 12, 2023

Revolutionizing Nine Chronicles: PBFT Implementation and the Path to Decentralization

Metalpha, NextGen Unveil Fund for Institutional, HNW Investors Seeking Crypto Exposure

Justin Sun’s Tron to be delisted by Binance crypto exchange

Bitcoin Mining Firm Bitdeer to Go Public in $4B SPAC Deal

Bitcoin Mining Firm Bitdeer to Go Public in $4B SPAC Deal

Elon Musk Has Done It Again: Price Jump With Dogecoin Tweet!

Join our free newsletter for daily crypto updates!