U.S. Congress Creates New Blockchain Caucus in Washington

[Gatorelf]

This should have a positive effect on BTC if not already effecting it, The move was applauded by influencers such as Jerry Brito of Coin Center and Perianne Boring, Founder and President of the Chamber of Digital Commerce




http://bitcoin.xyz/u-s-congress-creates-new-blockchain-caucus-washington/

[Mometaskers]

Hopefully they're not too late to the party. I see people accusing the Chinese government of coming out with all these PBOC meetings to drive the price down and short. I don't know what could happen if more governments join the melee but if none of them would be able to abuse the system (because the others would push back against such manipulation) then things might come out better since (hopefully) they'd find it harder to rig in their favor and just leave bitcoin to market forces.

[Idrisu]

Good news as this will impact the market positively. People bank of china effect will be checkmate if United states of America has interest in it. In my view now is the best time to start buying bitcoin and hold as in near by future bitcoin price will skyrocket to levels were only the rich can store it like is happening in gold and others precious assets.

[Gatorelf]

i agree its like a race car getting the engine revved up just before the race

[HabBear]

Haha, you said cauc.

This is great news!

A great quote from the article: "“Open blockchain networks and distributed ledger technologies are still new, but it’s critical for members of Congress to begin comprehending both their current applications and future use cases." From one of the Congressmen leading the caucus.

Hopefully they're not too late to the party. I see people accusing the Chinese government of coming out with all these PBOC meetings to drive the price down and short. I don't know what could happen if more governments join the melee but if none of them would be able to abuse the system (because the others would push back against such manipulation) then things might come out better since (hopefully) they'd find it harder to rig in their favor and just leave bitcoin to market forces.

I wouldn't worry so much about government influence. The bitcoin market is greater than any one government. The price can't be manipulated by one government. If China wants to fuck with the market we'll take our transaction business to an exchange that exists elsewhere. The Chinese can only flood the market with what they've mined, what manipulation that can occur?