The US Senate adopted new legislation allowing law enforcement agencies to access encrypted data. Such provisions would complicate the operation of the cryptocurrency industry within the country, forcing businesses to go offshore.
Last month (May 25, 2020), a US white policeman Derek Chauvin killed a 46-year-old black man George Floyd from Minneapolis, Minnesota, after the victim was suspected of using a fake currency of $20 USD bill to purchase a cigarette at one of the shops in the area. If the digital payments services such as credit cards, mobile money, cryptocurrencies, Bitcoin, were in place, George wouldn’t have died.
On April 24, The governor of Kentucky endorsed a six-member Blockchain Technology Working Group charged with the responsibility of examining the applicability of blockchain technology for safeguarding the various utility sectors including electricity, water, telecom, and more.
China and the USA have been competing with each other for some time now. Presently, both countries are looking to develop their Central Bank Digital Currency (CDBC) to adjust to the changing environment affected by the COVID-19.
Kentucky Republican Rep. Thomas Massie tried to delay the voting on COVID-19 relief bill by objecting a roll call voting that would not require the presence of all members in Washington. Eventually, he failed to do this as the quorum of the House members blocked his request.