Washington State Governor Signals Acceptance Of Blockchain With Bill Signing

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&39s 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.