US forms caucus to shape policies related to digital currency

Washington is stepping up its efforts to help policymakers understand decentralized technologies such as the bitcoin blockchain.

Rep. Mick Mulvaney, R-S.C., and Rep. Jared Polis, D-Colo., announced the formation of a new congressional member organization, the Congressional Blockchain Caucus, which will be dedicated to the “advancement of sound public policy toward cryptocurrencies and other blockchain-based technologies.”

The two lawmakers have teamed up with Washington D.C.-based non-profit and advocacy center group Coin Center, which has been focusing its efforts to help Congress understand the inner workings of bitcoin and blockchain technology.

“For the past two years we have worked with Representatives Mulvaney and Polis to educate their colleagues through briefings and other events, and the new Congressional Blockchain Caucus will be a wonderful new platform to continue these efforts,” Jerry Brito, executive director of Coin Center, said in a blog post. “Their forward-thinking leadership on blockchain technology in Congress is unmatched.”