Protecting Against Foreign Blockchain Threats: New Rules for Government Agencies
This act aims to protect U.S. economic and national security interests from risks posed by foreign blockchain networks, particularly those from China. It prohibits government agencies from using such technologies and mandates reporting on threats, which may impact the future availability of certain services and technologies.
Key points
U.S. government agencies will be prohibited from acquiring or using blockchain technologies from foreign adversaries to protect data and national security.
Businesses and institutions using prohibited technologies will receive support to transition to alternative solutions, aiming to prevent service disruptions.
The government will regularly assess threats from foreign blockchain networks and report to Congress on their impact on the economy and security.
Status:
Expired
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