Whilte House To Soon Have A Crypto Advisor

A newly passed bill will allow the White House to have a crypto advisor.

A new bill called the ‘CHIPS Act of 2022’ just passed both the House and Senate this week and is on its way to becoming a law.

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The ‘CHIPS Act of 2022’ creates a new position focused on cryptocurrency and blockchain in the White House.

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The bill requires to establish or designate a blockchain and cryptocurrencies advisory specialist position within the office to coordinate Federal activities.

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The crypto advisory specialist will also advise the President on matters of research and development relating to blockchain, cryptocurrencies, and distributed ledger technologies.”

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Another US President’s executive order requires two separate reports on cryptocurrency and blockchain to be submitted in September.

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These reports are only requiring that the sophisticated knowledge of blockchain and distributed ledger technology to be applied for a short period of time.

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Appointing a crypto advisor could result in favorable crypto regulations in the United States.

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