After three years and one veto, Washington State Governor Jay Inslee has officially signed a bill into law earlier today that intends to extend the state's acceptance of blockchain technology across multiple industrial as well as financial sectors.
As a result of the legislation, Governor Inslee established the Washington Blockchain Work Group which would reportedly explore various possible uses for blockchain technology in the rapidly advancing digital age in which we currently find ourselves.
The Work Group will include seven government officials and eight leaders from various trade organizations from around the state. It will primarily research practical use-cases of blockchain technology and submit a report to Governor Inslee by December 1st, 2023.
With this, Washington becomes the most recent of many U.S. states to adopt blockchain technology or cryptocurrencies in general, including Wyoming, Texas and New York.
 
Washington State Governor Signals Acceptance Of Blockchain With Bill Signing
Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.
September 16,2024
Worldcoin Being Investigated By Singaporean Authorities For Potentially Violating Regulations
September 16,2024
Flappy Bird May Be Revived In Web3 Format Despite Original Creator Not Being Involved
September 16,2024
Web3 Fundraising Deals - 10th To 16th September, 2024
September 15,2024
BTC Finally Starts To Recover As Total Crypto Market Cap Up By $70 Billion
September 14,2024
Coinbase Wrapped BTC Reaches Impressive Milestone In Just 24 Hours
September 13,2024
United States SEC Admits Several Cryptocurrencies Are Not Securities
September 13,2024
OpenAI Releases New AI Model Series To Support Smart Contract And Blockchain Capabilities
September 12,2024
Inaugural Congressional Hearing About DeFi Takes Place
September 12,2024
Cardano Hits New Network Milestones As Hoskinson Debunks Faulty Staking Claims
September 11,2024
Nucoin Will Be Discontinued As Holders Given Option To Convert To BTC Or USDC
September 11,2024
PayPal And Venmo Will Integrate Ethereum Name Service For Crypto Transfers
September 10,2024