Congress presents projects of cryptography

The Congress of the united States presents 32 projects of law on cryptography and Blockchain. The members of the House of Representatives and the senators of the united States have presented bills in Congress n.No. 116. This is due to the introduction of the Project to one Pound per part of Facebook, to the ongoing efforts to achieve normative clarity for the industry and the new concept of a dollar digital american. The level of interest in the Capitol seems to have grown beyond what it has typically been. The Congress presents twelve projects of law that deal with the use of the cryptography and Blockchain in the terrorism potential, the money laundering, trafficking in persons and sex trafficking. Of them, thirteen are focused on the regulatory framework and the treatment of the cryptography and the Blockchain. Five promote the ways in which the technology Blockchain could be used by the U.S. Government and two cover the concept of a dollar digital.

The use of cryptography for national security

The draft law covering the use of cryptography by terrorists, money launderers, and traffic white. In addition, a draft law deals with the way in which foreign adversaries, seek to avoid economic sanctions by creating your own cryptography. As is the case of Venezuela. Also, three of the bills focus on empowering financial institutions and regulatory agencies for the use of technology Blockchain, artificial intelligence and digital identity. This, to help detect criminal activities related to cryptography. However, senator Lindsey Graham introduced the Law to EARN IT, which has caused a lot of concern about the future of encryption end-to-end. As well as the legal immunities that were protected Internet platforms in the past. Companies like Amazon, and Google have been able to thrive up to the size that they have today in day thanks to Section 230 of the Decency Act the Communications. It seems that Senator Graham and others believe now that the technology has grown so much and is so influential, that this immunity needs to be weakened by concerns of public policy. However, for the platforms Blockchain in their stages of growth, the elimination of this concept would be a deterrent for the sector.

Promotion of the use of Blockchain

The Congress has also considered supporting the growth of technology Blockchain. Seeing a way that this impacts on economic sectors beyond cryptography. Therefore, the Law of Promotion of Blockchain sponsored by Senator Todd Young (R-IN) and Senator Ed Markey (D-MA) is already out of Committee and awaits a vote on the Senate floor. This bill directs the Department of Commerce to establish a Working Group on Blockchain. To submit a report to the Congress with a definition recommended in the technology of ledger distributed known as technology Blockchain. In addition, the Working Group of the Blockchain should carry out a study to examine a range of potential applications. Also, the bills in this category include the way in which the technology Blockchain could be used to improve the security of data. As may be the case of the hospitals for the research of fungal diseases are endemic. It is likely that further legislation on the subject of digital currencies by central banks is a growing area. This, as the Congress seek to address this issue.

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