The bill introduced by Powell seeks to make Tennessee a much more digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency-friendly state that is attractive to businesses and industries in that sector.
Jason Powell, representative for the Democratic Party of Tennessee in the United States, introduced before the U.S. House of Representatives the House of Representatives a local bill to give the state and other surrounding municipalities full power to invest in Bitcoin, cryptocurrencies and digital collectibles (NFT).
Bill would allow Tennessee to invest investing is when you put money in a financial scheme with the intent of making a gain. in cryptocurrencies
The bill in question, identified under number 2644 consigned to the Tennessee House of Representatives last February 2, aims to authorize a county, municipality or state to invest in cryptocurrencies including technology-backed products and services. Blockchain. The initiative was assigned to the Finance, Ways and Means Subcommittee The report will be presented to the legislative institution yesterday, where it will now be analyzed, considered and debated by the members of the team.
According to information published by several media outlets, the aforementioned bill was also accompanied on the same day by another bill identified under number 2643, which proposed the creation of a Study Committee on Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. and Cryptocurrencies. In this regard we read:
“[The committee is intended] to help determine how to make Tennessee the most innovative and business-friendly state associated with cryptocurrencies and Blockchain…and foster a positive economic environment for these sectors.”
In relation to the designated committee, it plans to meet at least once a month to make the respective analysis, and such meetings will be attended by the commissioner of commerce and insurance or his designee; the commissioner of financial institutions or his designee; a representative with experience or knowledge in cryptocurrency, from an academic institution, designated by the president; a representative of a financial institution, designated by the president of the House of Representatives; and one representative with expertise in federal securities laws, appointed by the President of the Senate.
Legislation moves forward in the U.S.
Everything seems to indicate that this year will be particularly important in regulatory matters for the US, as some rumors indicate that a federal initiative is possibly underway, driven by the same Casa Blanca, while several states are moving at a more local level to enact laws to regulate in some way the use and trade of digital currencies in those jurisdictions.
Regarding the Casa Blanca, the initiative is being spearheaded by the administration of U.S. President Joe Biden, which plans to issue an executive order directing key federal agencies to work on regulating digital assets such as Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. , to which it will apparently assign national security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. priority.
Among the local legislations, the case of the Arizona state senator, Wendy Rogers, stands out, who presented a proposal numbered under SB1341 which would seek to amend the Revised Statutes to include Bitcoin as a form of legal tender.
- Arizona: new bill seeks to recognize Bitcoin as legal tender
- Biden Administration contemplates regulating cryptocurrencies as a national security issue
- Fed Chairman announces that bank interest rates will begin to rise starting in March of this year
Version by Angel Di Matteo / DiarioBitcoin
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