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Reps. David Schweikert, Darren Soto Present Bill to Redefine Blockchain Terms

Blockchain Technology

Reps. David Schweikert, (R-Ariz.), and Darren Soto, (D-Fla.) have reintroduced a bill to define concepts essential to the use of blockchain technology in the country. The Blockchain Records and Transaction Act would redefine the terms “electronic records” and “electronic agent” with expanded meanings, and establish definitions for terms “smart contracts” and “blockchain,” Schweikert's office said Tuesday.

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