Getting US Congress to think along the right lines for Bitcoin and blockchain regulation is not an easy feat. Thankfully, there are initiatives such as CoinCenter, which aim to bridge the gap between disruption and government. A bipartisan Blockchain Caucus has been formed, which should help establish a sound policy towards blockchain and cryptocurrency in the US.
On paper, the creation of a caucus dedicated to blockchain and cryptocurrency development is a great victory. For quite some time now, there have been serious questions regarding the future regulation of Bitcoin in the United States. With BitLicense being a prime example of not how to do things, it is pertinent to create a solid regulatory foundation.
The bipartisan Congressional Blockchain Caucus will focus its attention on the establishment of a stable public policy for both cryptocurrency and blockchain. It is positive to see both industries getting attention. In recent months, there has been a lot of focus on distributed ledgers, and it is only a matter of time until regulation becomes a factor. Bitcoin, on the other hand, has been in a gray area for far too long.