October 02, 2018
Congressman David Schweikert Introduces Two Blockchain related bills, H.Res 1108 and H.R. 7002
Washington, D.C. – Today, Congressman David Schweikert introduced H.Res. 1108 and H.R. 7002 to increase Congress’s support and knowledge for implementing blockchain technology.
H.Res. 1108 seeks to increase research and show Congress’s support for an “innovation friendly” regulatory approach of blockchain technology. We hope that this resolution will increase the support and growth of the technology’s implementation in the public and private sector to improve overall privacy, transparency, and efficiency.
H.R. 7002 will amend the E-SIGN Act to confirm the applicability of blockchain to electronic records, electronic signatures, and smart contracts. We believe that this bill will provide clarity to the application of existing law during a time when several states have already enacted conflicting legislation regarding the validity of electronic signatures, records, and smart contracts using blockchain. This clarification will enable the technology to grow and reach its potential.
Both H.Res. 1108 and H.R. 7002 include the NIST standard for the definition for blockchain. We look forward to increasing awareness about the potential and validity of blockchain technology.
August 01, 2018
US Lawmakers Seek Blockchain Solution in Fight Against Fungal Disease
July 27, 2018
Valley Fever Research to Blockchain Technology
This week, Congressman David Schweikert and Majority Leader Kevin McCarthy introduced legislation to support Valley Fever research using multiparty encryption computing and blockchain technology.
The multiparty encrypted computing will allow researchers to access answers to medical queries from encrypted medical data without any personal data ever leaving the hospital. This gives researchers the ability to analyze broad swaths of integrated data, while ensuring patient privacy by avoiding centralized data repositories which are frequent targets for hackers. The researcher data queries are then added to an NIH-permissioned blockchain in order to promote scientific openness and collaboration.
As an orphan disease that often goes undiagnosed, Valley Fever is an ideal research target for a blockchain and multiparty encrypted computing pilot program. As blockchain technology continues to rapidly develop it is beginning to transform many other fields including supply chain management, smart contracts, and banking.
By giving a federal definition of the term and creating a federal pilot program, this legislation will create the first blockchain in healthcare technology, which will significantly drive both fields into the future.
June 07, 2017
Blockchain Caucus Co-Chairs Send Letter to IRS | Tax Guidance
Congressman Polis and Congressman Schweikert send letter to the IRS regarding the tax treatment of virtual currencies
February 11, 2017
US Congress Buckles Down With Blockchain – Launch Congressional Blockchain Caucus
US Representatives Jared Polis (Democrat-Colorado.) and David Schweikert (Republican-Arizona.) officially launched the Blockchain Caucus on Thursday. The caucus will be focused on advocating for “sound public policy toward blockchain-based technologies and digital currencies.”
February 01, 2017
Congressional Blockchain Kickoff
​Yesterday on Capitol Hill Coin Center hosted a reception to honor the launch of the Congressional Blockchain Caucus, a bipartisan body within Congress dedicated to furthering understanding of blockchain technologies, as well as sound public policy to foster its continued development free of unwarranted regulation.