US States Collaborate to Drive Blockchain and Cryptocurrency Adoption

cryptonews.com:

While United States federal policymakers look to implement cryptocurrency and blockchain regulations, state-led organizations are taking initiatives to ensure that policy focused on cryptocurrency and blockchain adoption pass within the U.S. This is important to consider given that federal U.S. policymakers continue to remain divided on policy focused on cryptocurrency and blockchain technology usage.

Dominic Folino, president of the Pennsylvania Blockchain Coalition – a non-profit organization made up of blockchain allies, users and providers –  told Cryptonews that legislation isn’t coming out of the United States Congress fast enough. Given this, States now have the opportunity to enact policies that may eventually be pushed to the federal level.

In order to drive state legislation, Folino explained that the Pennsylvania Blockchain Coalition  joined forces with The U.S. Blockchain Coalition (USBC). USBC was created in June 2021, when thirty U.S. states initially came together to enable blockchain and crypto policies.

Arry Yu, chair of The Washington Technology Industry Association Cascadia Blockchain Council – a founding member of USBC – told Cryptonews that there are currently forty-six states within USBC that are working closely on crafting legislation. “We aim to have all fifty states as part of this coalition in the next several weeks,” said Yu.

What a collaborative and insightful Summit put on by the @TXblockchain_ ! The CA BAC was thrilled to participate in this panel alongside our colleagues in PA, FL and @blockcoalition! Blockchain policy started in the states, and that’s where the real innovation can and will occur. https://t.co/Rb6ISDjUfJ

— CA Blockchain Advocacy Coalition (@BlockAdCo) November 30, 2023

Yu