Speaking at a U.S. House Committee on Science, Space, and Technology hearing, IBM Fellow Jerry Cuomo advocated for government use of blockchain, Computerworld reports. Cuomo called for the government to take the lead in promoting and deploying blockchain. Cuomo did warn the government about overregulation, saying cryptocurrency does not represent the potential of blockchain. At the same hearing, Benjamin N. Cardozo School of Law Associate Clinical Professor Aaron Wright recommended the creation of an advisory group to handle various blockchain issues and to provide “a unified approach to the numerous regulatory decisions.”
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