- Two blockchain bills were introduced and incorporated into the Consumer Safety Technology Act
- The bills aim to study the use of blockchain to fight fraud
- The bills also instruct relevant departments to ensure that the United States remains as a key leader in the blockchain space
Two blockchain-related bills introduced by Rep. Darren Sotto, D-FL, were rolled into another bill called the Consumer Safety Technology Act, which sets out the rules, instructions and guidelines on how to use blockchain technology to combat fraud while at the same time ensuring that the United States remains a leader in the blockchain space.
The two acts — the Digital Taxonomy Act and Blockchain Innovation Act — filed by Rep. Sotto was incorporated into the Consumer Safety Technology Act which, according to news outlet Decrypt. It is concerned about protecting the public against digital asset-related scam and the fighting of fraud through