Keep blockchains decentralized and only intervene when necessary; that’s what Acting Under Secretary of State for Economic Growth, Energy, and the Environment, Manisha Singh, believes. Discussing the future of blockchain technology and the US government’s role in its development, Singh has told delegates that a hands-off approach is necessary.
Speaking at the 4th Annual DC Blockchain Summit in Washington, the US politician outlined her vision for blockchains and beyond.
“We want to see other countries adopt light-touch and compatible regulations so the private sector has room to innovate and perfect potential new uses for blockchain. As the government, sometimes the best thing we can do to help is stay out of the way,” Singh said on March 6.
Trump Administration to Let Blockchain Businesses Grow
The liberal attitude toward blockchains is one that echoes the Trump administration’s approach to private businesses. As well as decreased regulation, President Donald Trump has reduced taxes for US business as part of his…