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A group at the forefront of advocacy for the digital assets industry released a report on Tuesday outlining policy objectives for supporting the blockchain industry.
The Digital Chamber’s “U.S. Blockchain Roadmap” features six pillars for how digital assets can be used to put the U.S. in a leadership role for blockchain technology while strengthening the economy and financial system.
“This is not just about making the U.S. the leader in blockchain technology, it’s also recognizing that blockchain is an advanced technology and its potential benefits,” Perianne Boring, founder and chair of The Digital Chamber, told FOX Business in an interview. “This technology can bring real benefits to the U.S. economic and financial system if we do this correctly.”
The roadmap includes a call for the enactment of the BITCOIN Act, which would establish a U.S. strategic bitcoin reserve to help shore up the federal balance sheet, as well as promote the use of stablecoins based on the U.S. dollar and create bitcoin-backed Treasury securities.
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Digital Chamber founder and Chair Perianne Boring spoke with FOX Business about the group’s blockchain strategy outline. (Courtesy of The Digital Chamber / Fox News)
Boring and The Digital Chamber recommended that the bitcoin reserve be separated from other cryptocurrencies that President Donald Trump has suggested, including in a reserve alongside bitcoin, arguing that the crypto assets serve different functions.
“It’s important to recognize that these other cryptocurrencies, they’re very different than bitcoin, they’re not digital gold,” Boring said. “Most of them are smart contract networks, they’re an open source platform to create decentralized applications, so that’s a very, very different use case than digital gold.”
“We’re calling to separate those two things out – you have bitcoin in its own separate fund for its own separate use, where the crypto fund would be for research and development, because you need access to these cryptocurrencies to be able to innovate, build, develop on the networks,” Boring said.
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Perianne Boring said that ensuring blockchain platforms remain open source and free of censorship is an important policy goal for the industry. (Courtesy of The Digital Chamber / Fox News)
The Digital Chamber added that the research and development fund would enable the use of those digital platforms to help monitor federal spending in real time and streamline other government processes.
“One of the things that I’ve felt pretty strongly about is that government spending should be put on a blockchain, on an unalterable, 100% verifiable, publicly auditable ledger,…
Read More: Blockchain policy goals in focus as digital assets group releases roadmap