Donald Trump’s presidential administration just officially confirmed its commitment to the blockchain, declaring that it’s looking at optimizing the U.S government through blockchain use cases.
This is bullish news not just for U.S. crypto customers, but for crypto-enthusiasts all across the world.
Participating in the Data Transparency 2017 conference, two top Trump White House officials announced for the first time that U.S. policymakers are increasingly looking at crypto as a cornerstone of American tech strategies going forward.
“With artificial intelligence and blockchain, the [White House] is exploring a whole range of forward-leaning capabilities that might be helpful to government,” said Margie Graves, an acting information chief at the Office of Management and Budget (OMB).
— CryptoDekko (@CryptoDekko) September 28, 2017
This kind of rhetoric coming out of the OMB is huge for crypto, but it’s no surprise: OMB director Mick Mulvaney founded the Congressional Blockchain Caucus, so he’s been—and continues to be—on the frontlines of making crypto mainstream in the U.S.
In her comments, Graves said that she and Mulvaney were working with the White House to strive toward the U.S. implementing blockchain technologies for cutting down on abuse, waste, and fraud in the federal government.
Chris Liddell, a strategic adviser in Trump’s White House, echoed Graves’ remarks during his own speech at the Data Transparency 2017 conference.
“As we look to the future, we want to ensure that today’s reforms do not hinder tomorrow’s adoption of emerging technologies,” Liddell said. “Whether it is blockchain, artificial intelligence or perhaps a new technology, standardized data will help ensure the government stays current of technology’s latest trends.”
This is great news for crypto users who have been fearful the U.S. government will crackdown on the blockchain.
Now we know the Trump administration will only be embracing crypto, not cracking down on it.
And we also know this news will surely help skyrocket the price of Bitcoin, Ether, and other altcoins in the coming months. News like this could power Bitcoin past $5,000 and beyond in the mid-term.
TLDR: Trump’s White House has formally signaled its intentions to implement blockchain technologies to streamline the U.S. government.