The U.S. House Committee on Energy and Commerce has unanimously approved the Deploying American Blockchains Act of 2023, a legislation that aims to support blockchain technology. If enacted, the bill would require the U.S. Secretary of Commerce to take necessary actions to enhance U.S. competitiveness in the blockchain sphere.The proposed bill includes the establishment of a “Blockchain Deployment Program” to promote the adoption of blockchain technology. It also suggests the formation of government advisory committees consisting of federal agency representatives, industry stakeholders, and experts to facilitate decision-making and adoption.In addition to advocacy, the bill outlines a framework for supporting the use of blockchain technology in various sectors. It emphasizes a proactive approach by the U.S. government in promoting blockchain leadership and coordinating federal agencies interested in adopting the technology.The legislation also mandates studies on the current use of blockchain by federal agencies and assesses their readiness for future adoption. This comprehensive approach aims to understand the potential impact of blockchain technology on government operations.This development aligns with the broader congressional attention given to blockchain and cryptocurrency-related matters. It demonstrates a nuanced approach to the potential issuance of a Central Bank Digital Currency (CBDC) by the Federal Reserve.