The report is generally positive on the matter of cryptocurrency, which is surprising. They want “policymakers” to be more educated about blockchain and its potential.

It seems the US government is warming up to crypto and accepting the fact that blockchains are not going away.

Excerpts From The Cryptocurrency Report:

Blockchain Looks Like the New Internet

“The buzz surrounding digital currencies resembles the internet excitement in the late 1990s when people recognized technology companies could change the world. Many internet companies launched and their valuations took off in short order. Many failed, but a few succeeded spectacularly and challenged the conventional ways of doing business.”


Cryptocurrencies Could Outshine Government Fiat



Blockchain Is Secure and Efficient



The Conclusion

“Technology presents evolving challenges and generates new solutions. Blockchain technology essentially stores and transmits data securely, in large volume, and at high speeds. So far, the technology has proved largely resistant to hacking, and given this feature, developers first applied it to digital currencies. Yet blockchain has many more potential applications, such as portable medical records and securing the critical financial and energy infrastructure that the Report identified.”


Will Long

Will Long

Will Long
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