With the industry’s need for significant proposals, The long-awaited framework failed to embody more than a mere mission statement.
and allow individuals to accrue wealth independently, which is exactly why the federal government doesn’t like them.
The Biden framework literature suggests digital currency is key to securing America’s future as an economic leader. But if itto the same authorities who wield power over traditional finance, the status quo isn’t going to change. Instead of establishing the U.S. dollar’s “digital twin,” the government would be better off finding a way to coexist with alternative currencies.- Clear attack on proof-of-work by implying they will set environmental standards for mining.
For example, keeping medical records on a blockchain — like Estonia’s highly advanced e-health system already does — would streamline and secure each person’s health data from birth through death, with each doctor or pharmacist along the way accessing an accurate history to make the best decision. Collecting anonymized, uncorrupted medical data is going to lead to better research, better treatments and more cost-effective health care.
The federal government should also nurture blockchain technology by investing in large-scale blockchain projects and incentivizing companies that use it to better serve the public.will cooperate to write real crypto industry legislation, not just to mitigate its damage, but to foster its potential.
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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