US Lawmakers Set to Vote on Two Blockchain and Cryptocurrency Proposals

US Lawmakers Set to Vote on Two Blockchain and Cryptocurrency Proposals


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The Consumer Safety Technology Act now incorporates the Digital Taxonomy Act and Blockchain Innovation Act – and is set to be debated in the House of Representatives.  

Introduced by Rep. Jerry McNerney of California and Michael Burgess of Texas, the Consumer Safety Technology Act, which is the recently amended version of the AI for Consumer Product Safety Act, will mandate that the Consumer Product Safety Commission utilize artificial intelligence in tracking and identifying consumer product-related injuries and hazards. It will also use AI to screen the sale of products that have been recalled and label imported products that are deemed unsafe.  

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After passing through the US Committee on Energy and Commerce on September 9th, the Consumer Safety Technology Act will also incorporate two separate blockchain-related bills, both sponsored by Florida Rep. Darren Soto.

H.R. 2154, the Digital Taxonomy Act, appropriates a $25 million budget to the Federal Trade Commission (FTC) each year from

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