A senior government official said that the country was closely monitoring global approaches to in a at the 4th Annual DC Summit on March 6.
The event, organized by advocacy group the Chamber of Digital Commerce (CDC), featured various influential speakers from U.S. .
This year, discussing domestic and coordinated international efforts around , Acting Under Secretary of State for Economic Growth, Energy, and the Environment, Manisha Singh, explained that the Administration was busy surveying other states’ activities in the area.
Speaking about the State Department’s perspective on and what the agency looks to other nations for, Singh stated:
“We want to see other countries adopt light-touch and compatible regulations so the private sector has room to innovate and perfect potential new uses for . As the government, sometimes the best thing we can do to help is stay out of the way.”
On the State Department’s current role, she added that the agency is currently in the research phase, looking to“better understand” the tech. She stated: “ technology is becoming a global phenomenon. It is therefore essential that we better understand this cutting-edge technology, as it becomes more widely adopted in our economy.”
Despite its notoriously approach to , the U.S. has pushed ahead with technology experimentation in various fields at the state level.
As Cointelegraph reported, these use cases have recently included and procedures, among others.
At the current time, Singh continued, lawmakers are curious about , declaring:
“We’ll conduct oversight as necessary and ensure public protections, yet our overall goal is to understand the benefits of the open and decentralized nature of this technology.”
Speaking at the same event, Christopher Giancarlo, chairman of U.S. regulator the Commodity Futures Commission (), even considered as a would-be mitigating factor in the 2008 economic crash.
“What a difference it would have made a decade ago if technology had been the informational foundation of Wall Street’s derivatives exposures,” Cointelegraph him as saying on Thursday.
This week, put projected spending in 2019 at just under $3 billion worldwide.
Published at Fri, 08 Mar 2019 11:14:08 +0000
