Oleri Ventures President Kevin Oleri gives his approach to cryptocurrency under the Tram Administration and reacts to a special advisor of a Treasury department commenting on problems within IRS.
A group on Tuesday released a report underlining policy objectives to support the blockchain industry for the digital assets industry.
Digital Chamber’s “US Blockchain Roadmap” has six columns of how digital assets can be used to keep the US in the role of a leadership for blockchain technology, strengthening the economy and financial system.
“It is not only about making an American leader in blockchain technology, also identifying that blockchain is an advanced technique and its potential advantage,” the founder and chairman of the Digital Chamber, Perian Boring, told Fox Business in an interview. “This technique can bring real advantage to the US economic and financial system if we do it correctly.”
The roadmap includes a call for the enactment of the bitcoin act, which will establish an American strategic bitcoin reserve to help shore the Federal Balance sheet, as well as promote the use of stabelcoins based on US dollars and help to create bitcoin-back treasury securities.
Trump has vowed us to make ‘undisputed bitcoin superpower and the world’s crypto capital’
Digital Chamber founder and chair Perian Boring spoke with Fox Business about the group’s blockchain strategy outline. (Courtesy of Digital Chamber / Fox News)
Boring and Digital Chamber recommended that the bitcoin reserve be separated from other cryptocurrency that has been suggested by President Donald Trump, which includes a reserve with bitcoin, arguing that crypto property serves various tasks.
Boring said, “It is important to identify that these other cryptocurrency, they are very different from bitcoins, they are not digital gold.” “Most of them are smart contract networks, they are an open source platform to create decentralized applications, so it is a matter of much different use than digital gold.”
Boring said, “We are calling to separate those two things -you have a bitcoin in your separate funds for your own separate use, where crypto funds will be for research and development, as you need access to these cryptocurrencies, which to innovate on the network, to be able to develop, said” Boring said.
Top Supporting-Crypto Group leads the new leader’s new leader
Perian Boring said that ensuring blockchain platforms remain open sources and is an important policy goal for sensorship -free industry. (Courtesy of Digital Chamber / Fox News)
The Digital Chamber said that the research and development funds will help the use of digital platforms to monitor federal expenses in real time and to streamline other government processes.
Boring said, “One of the things I have felt very strongly is that government spending should be placed on a blockchain, an incest, 100% verification, publicly on the audible account book, so that you can track the expenses very efficiently and use to prevent future fraud and misuse.”
“We are asking for a research and development fund, where the government should study the benefits of blockchain infrastructure for the use of various types of government programs, and I think Dogge is a great example, but perhaps there are many others.”
The Congress is expected to work on developing the market structure law, which will build and clarify the regulatory structure for digital assets in the near future, and the Digital Chamber’s Roadmap highlighted three major areas to establish clarity for the industry.
Senate Panel Advanced Debanking Reform, First Digital Assets Bill
The Digital Chamber called for separate reserve funds for bitcoin and other cryptocurrency, as due to the difference between them. (Via Valerie Plash / Bloomberg Getty Image / Getty Image)
These include the establishment of clear judicial boundaries between the Securities and Exchange Commission and Commodity Futures Trading Commission on digital assets; Developing a self-control organization for digital assets to coordinate with federal regulators; And establishing guidelines for capital markets, real estate and corporate finance for token assets for investment and adoption.
In the time issued in 2019, the last blockchain action plan of the Digital Chamber, Boring said that the importance of keeping the blockchain network open and financial freedom and decentralization is an area of the policy of censorship -free digital assets policy that has emerged in importance ever since.
“This is really important because we are building blockchain infrastructure that we are not threatening the integrity of the blockchane network,” he explained. “These are open-sources, dysentalized software networks. So any attempt to violate that open-source nature will not only endanger the integrity of these networks, such as their safety, but can also violate the constitutional rights of Americans.”
Get Fox Business when you click here
Boring said, “An attempt has been made to censor the blockchain network or put a variety of regulatory and compliance obligations on technology, which will essentially make it illegal to use these techniques in the US,” Boring said.
Other components of the recommendations of the digital chamber include protecting and promoting bitcoin mining in the US, arguing that the electric grid helps strengthen the flexibility of the grid, as well as modernizing the banking system to include digital assets more easily.
