The Country Senate of Due south Carolina has passed a resolution recognizing the potential of blockchain applied science.

A new push for emerging technology in the state

The pecker is dubbed "A Senate Resolution To Acknowledge The Importance Of Emerging Blockchain Engineering And To Call Upon The Residents Of South Carolina To Join In Encouraging The Promotion Of Blockchain Technology In Our State" and was passed on March 10.

Specifically, the bill highlights the urgent priority of adopting emerging technologies throughout the state, with an objective "to become the capital letter for the real-earth application of the emerging engineering science of blockchain." To encourage the public to go acknowledged with blockchain, local nonprofit organizations and blockchain advocacy entities have ostensibly cooperated with metropolis and state organizations  and universities.

Cointelegraph reached out to state senators involved in the bill merely had received no response as of printing time. This commodity will be updated should responses come in.

The U.S. scrutinizes the crypto and blockchain industry

The news came on the heels of the introduction of the "Crypto-Currency Act of 2022," a bill that "looks to provide non only clarity, but legitimacy to crypto avails in the United States," by Representative Paul Gosar (R-AZ).

The bill is more explicit about determining "primary" rather than "sole" regulatory responsibility. Communications Manager for Gosar, Ben Goldey, explained the emphasis on industry engagement before legislative approval:

"Since this is such a niche result, we worked with stakeholders and outside groups/experts to go a good sense of the kind of clarity that the industry needed. We chose to gather stakeholder support before working toward cosponsors."

Earlier in March, the U.S. Department of the Treasury met with major stakeholders in the cryptocurrency space to discuss regulatory challenges. At the time, the Treasury took a articulate stance that information technology is focused on preventing the use of crypto-assets for coin laundering, terrorist financing and other illegal purposes.

The regulator too outlined that the U.S. will stay at the forefront of cryptocurrency regulation and "volition not tolerate the employ of cryptocurrencies in support of illicit activities."