Roll Call: House bills would let regulators study blockchain, backers say

Two bills in the House would ensure that the Securities and Exchange Commission and the Commodity Futures Trading Commission could avoid transgressing [rules that block gifts] and still obtain access to industry-created technologies. Both measures have bipartisan support, but with attention on the country’s coronavirus response, neither is on a fast track.

Federal law prohibits agencies from accepting gratuitous goods or services like technology that could help them better regulate the market. Such access is deemed a way for the agency to increase its appropriation. This has led a handful of lawmakers to sponsor bills that would free up regulatory agencies to access platforms such as those used in fintech.

The full article is available at https://www.rollcall.com/2020/05/19/house-bills-would-let-regulators-study-blockchain-backers-say/

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