The U.S. House Committee on Energy and Commerce has unanimously passed the Deploying American Blockchains Act of 2023.

The bill aims to increase the nation's use of blockchain technology and its competitive edge.

The legislation mandates the Secretary of Commerce to support the deployment and utilization of blockchain and other distributed ledger technologies.

The commerce secretary is directed to develop best practices, policy recommendations, establish a blockchain deployment program, and create advisory committees.

The legislation now needs to clear the House, Senate, and receive final approval from Congress and the President.