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How US government bodies are looking to new technologies due to COVID-19

How US government bodies are looking to new technologies due to COVID-19
  • The COVID-19 pandemic has had a massive impact on our day-to-day lives. 
  • When it comes to governments, Congress has been forced to look at new technologies for money in a sweeping way. 

The COVID-19 pandemic has had a massive impact on our day-to-day lives. When it comes to governments, Congress has been forced to look at new technologies for money in a sweeping way. This was highlighted by the founder and president of the chamber of digital Commerce, Perianne Boring who has said the following:

“We have seen a huge change in the tone towards blockchain technology in congress just since the pandemic,” said Boring. “We have seen almost a 180 in that conversation. The pandemic has forced congress to go digital.”

Promising changes such as these have also been highlighted by the executive director of the porch and association, Kristin Smith. Specifically, she highlighted the announcement of Facebook‘s upcoming cryptocurrency Libra as she further went on to say that there is no consensus amongst regulators that it is a good idea to upgrade our money. This is progress she adds.

Boring, Smith and more several key figures spoke with Jeremy Allaire from Circle where they discussed numerous topics within the crypto space.

Smith added that she was not looking highly about new legislation within the United States. She said that Congress is at a standstill due to the election on anything that is not directly related to the pandemic but she pointed out that the Acting Comptroller of the Currency, Brian Brooks or example of our progress is growing.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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