President Obama's special assistant Harris gave closing remarks and in a blog post after its conclusion described the Summits activites.
"We spent the day identifying those areas where partnership across industries and between the public and private sectors can help advance our financial well-being and economic prosperity," Harris wrote.
Hosted at the Eisenhower Executive Office Building, the executive branch of the US government invited "senior administration officials" and "stakeholders" from financial institutions, startups and academia for the half-day event, called the White House Fintech Summit, according to the invitation.
PolicyWashington DCWhite House
Then, last week regulators at the US Federal Reserve hosted 90 central banks from around the world at an informational event also co-organized by the Chamber of Digital Commerce.
On 20th May, the President's Council of Advisors on Science and Technology gathered executives from distributed ledger consortium R3CEV, advocacy group Coin Center, Stanford University and MIT Sloan School of Management for a series of addresses followed by a question-answer session with presidential advisors including Google’s Eric Schmidt.
One of those who participated, Matthew Roszak, chairman of the industry trade association the Chamber of Digital Commerce, said frequency the federal government and regulators is sending a positive market signal, albeit one that has outpaced even his expectations.
Image of White House panel courtesy Matthew Roszak; White House image via Shutterstock
Over the past two weeks blockchain industry leaders have participated in two events with the White House, including one with technology advisors to President Barack Obama, a briefing with members of the US Congress and an informational session with 90 central banks hosted by the US Federal Reserve.
Though comments at the event were made off-the-record, the event’s agenda shows that MIT’s Forde addressed the participants about distributed ledger technology generally speaking.
On Friday, Secretary Penny Pritzker of the US Department of Commerce joined special assistant to the president for economic policy Adrienne Harris and other top White House officials for an event featuring a lecture from Brian Forde, director of digital currency initiative a the MIT Media Lab, and multiple panels on financial technology more generally speaking.
Less than a week later, 15 members of US Congress received a briefing organized by the Chamber of Digital Commerce with industry stakeholders including ConsenSys and Bloq and legacy technology leaders, Deloitte and Microsoft.
The event is similar in content to others held in recent weeks.
Of about 100 people in attendance at the closed-door event, he estimated about 20% were from the blockchain industry.
"Blockchainers were everywhere," he added.
The blockchain has indeed reached the White House, and there are signs awareness of the emerging technology is increasing on Capitol Hill.
Chamber founder and president Perianne Boring told CoinDesk that last week’s event saw a combination of agencies and individuals at the previous events along with new attendees.
In the audience were representatives from Deloitte, JP Morgan, PayPal and Microsoft, according to Roszack.
At the event, Secretary Pritzker led a panel discussion on the government’s role in fostering financial technology innovation; Mark Walsh, head of innovation at the US Small Business Administration, led a panel on FinTech at small and medium-sized businesses; and Jason Furman, chairman of the council of economic advisors.
Following an event with several of President Barack Obama’s top technological advisors last month, an increasing number of public policy meetings are now taking place in and around Washington, DC.
"They did a good job bringing in White House staff but also looping in other agencies who regulate technology and finance more generally."
The White House was unavailable for comment at press time.
"It’s happening faster than I would have anticipated."
Momentum Is Building to Block Ethereum ASICs
Several ethereum miners and developers have come forward with the goal of stopping specialized mining hardware from effectively operating on the network.
Underway since April, the controversy surro
Brazil's Largest Independent Broker Is Launching a Crypto Exchange
The parent company of Brazil's largest independent broker is setting up a cryptocurrency exchange, Bloomberg reported Thursday.
Grupo XP, which owns brokerage firm XP Investimentos, plans to launch
XRP Shot Up 75% During Friday's Bullish Trading Session
The price of XRP spiked as high as 75 percent above its opening price at one point during Friday's trading session amidst a broader market bull parade.
At roughly 14:45 UTC, the price of XRP rose
US Congressman Drafts Bills to Aid Blockchain Development
U.S. Representative Tom Emmer wants to support the development and use of blockchain technology and cryptocurrencies.
To that end, the lawmaker announced a trio of blockchain-focused bills Friday,
Report Finds Cryptojacking Instances Jumped 400% In A Year
Instances of cryptojacking malware have jumped more than 400 percent since last year, a new report finds.
A collaborative group of cybersecurity researchers called the Cyber Threat Alliance (CTA) p
Bitmain CEO Announces New 7nm Bitcoin Mining Chip
The bitcoin mining industry is having an exciting couple of days.
Just a day after Bitfury revealed a new 14nm mining chip called the Bitfury Clarke, Bitmain has upped the ante with the announcemen
Brave Browser Is Using Civic's Blockchain Platform to Verify Publishers
Privacy-focused internet browser Brave will begin using blockchain identity startup Civic's verification services to ensure publishers are paid for their content with Brave's Basic Attention Token (BA
US Navy Launches Blockchain Research in Mission to Improve Tracking System
A U.S. Navy command is exploring the potential of blockchain technology in tracking aircraft parts.
The Naval Air Systems Command (NAVAIR) – which provides material support for aircraft and airborn