The following is a guest post from Nilmini Rubin, Chief of Staff and Head of Global Policy at Hedera.
When I testified on the future of digital assets in front of the House Subcommittee on Commodity Markets, Digital Assets, and Rural Development, the discussion addressed the impactful uses of cryptocurrencies and how the lack of US regulatory clarity was thwarting blockchain industry development in the US.
The House Financial Services Committee and the Agriculture Committee met jointly in May to work on crypto legislation, and this represents a significant opportunity for the US to re-establish its position as the leader in internet infrastructure innovation.
Why Public Blockchains Need Digital Assets
‘The internet’ as we know it is essentially a decentralized set of computers talking to each other through open protocols on a public network. A multi-stakeholder governing body created each protocol. Those protocols, like TCP/IP, DNS, HTTPS, etc., keep evolving to enable additional c
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