According to CoinDesk, the US Senate passed the “Endless Frontier Act” on Tuesday night. This is a bipartisan bill aimed at responding to China’s recent implementation of technology in the field of technology by creating a new technology council with blockchain as the main focus. Initiatives.

The bill was initiated by the Senate Majority Leader Schumer (New York State Democrat) and passed by a vote of 68 to 32. It will focus on 10 “key technical focus areas” including distributed ledger technology and network security. Senator Cynthia Lummis (Republican Party of Wyoming) made the amendment. The second clause will require the federal government to review the potential national security impact of China’s digital renminbi, including financial surveillance, illegal financial and economic coercion risks.

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