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How it worksIntroduced
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What this bill does
AI plain-language summaryThis bill requires the Department of Commerce to help the United States stay competitive in blockchain technology, which is a type of digital record-keeping system that uses special security methods to share information across multiple computers. The bill also covers tokens, which are digital items recorded on blockchain systems. Commerce would need to give advice to the President about blockchain policies, set up advisory groups to help people adopt this technology, and write yearly reports with suggestions for new laws to keep America competitive in blockchain technology.
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