The Congressional Blockchain Caucus was formed in September 26, 2016, to study blockchain technology. The Congressional Blockchain Caucus was formed by
Jared Polis, a Democratic congressman from
Colorado, and
Mick Mulvaney, a Republican representing
South Carolina. On March 24, 2019, seven congressmen sent a letter to
Larry Kudlow, the director of the
National Economic Council. The letter requested that the administration have a forum on blockchain technology and initiate blockchain technology. The signers of the letter were congressmen
Trey Hollingsworth,
Darren Soto,
Bill Foster,
Tom Emmer,
Ted Budd,
Josh Gottheimer and
David Schweikert. In March 2021, Representatives Darren Soto (D-FL) and
Warren Davidson (R-OH) reintroduced the Token Taxonomy Act. The bill's co-sponsors are
Ted Budd (R-NC),
Scott Perry (R-PA) and
Josh Gottheimer (D-NJ). In a press release dated June 16, 2021, Congresswoman
Maxine Waters, chairwoman of the U.S. House Committee on Financial Services, announced the formation of a Digital Assets Working Group for Democratic members of Congress. Bill Foster (D-IL), who is Chair of the Task Force on Artificial Intelligence and a co-founder of the Congressional Blockchain Group, is a member of this new Digital Assets Working Group. The Congressional Blockchain Caucus focuses on cryptocurrency policy. ==Purpose==