OMB to provide a directive to all federal regulatory agencies to coordinate, harmonize, and eliminate ambiguities as to respective jurisdictions over blockchain-based technologies to reduce the enforcement environment that the blockchain industry encounters on a daily basis and encourage growth. While appropriate enforcement is necessary for the administration of government and sound public policy, the multiple enforcement regimes are accompanied by a noticeable lack of regulatory support and encouragement of this industry.
This unstructured suggestion came from a working group at the Emerging Tech for Open Government workshop on September 8th.
OMB to provide a directive to all federal regulatory agencies to coordinate, harmonize, and eliminate ambiguities as to respective jurisdictions over blockchain-based technologies to reduce the enforcement environment that the blockchain industry encounters on a daily basis and encourage growth. While appropriate enforcement is necessary for the administration of government and sound public policy, the multiple enforcement regimes are accompanied by a noticeable lack of regulatory support and encouragement of this industry.