US House Passes Two Blockchain Amendments in Annual Defense Budget Bill

The U.S. House passed two provisions introduced by Rep. Darren Soto of Florida.

AccessTimeIconJul 23, 2020 at 9:03 a.m. UTC
Updated Sep 14, 2021 at 9:34 a.m. UTC

The U.S. House of Representatives has unanimously passed two amendments to the National Defense Authorization Act (NDAA) that could boost the use of blockchain technology in the nation's military.

  • While the amendments are pending approval by the U.S. Senate and President Donald Trump, they highlight the use of distributed ledger technology (DLT) for defense-related activities ahead of the 2021 fiscal year.
  • The bipartisan provisions were introduced by Rep. Darren Soto (D-FL 9th District) and passed Tuesday.
  • The NDAA, a major defense act, was first passed in 1961 and contains a series of U.S. federal laws that oversee the annual budget and expenditures of the U.S. Department of Defense.
  • The first amendment to the NDAA builds off an incomplete briefing from the Fiscal Year 2020 NDAA conference report on the potential use of DLT for defense purposes by the Under Secretary of Defense for Research and Engineering, adding a reporting requirement.
  • The purpose of the resulting report will be to summarize the key findings of the briefing, assess research activities from "adversarial" countries, make recommendations for additional research of DLT and consider consolidating that research within a single hub.
  • The second amendment to the defense bill adds DLT to the definition of emerging technologies so it can be included in assessments for maintaining the U.S.' "technological edge" and will be overseen by the Steering Committee on Emerging Technology and Security Needs.
  • The NDAA also saw amendments for fiscal year 2021 that include the removal of Confederate names from military bases, a push for greater diversity and a plan to improve responses to pandemics like the coronavirus.
  • The amendments come after a report released in May by Amazon Web Services, IBM, Deloitte and others that suggested the U.S. was falling behind to rivals China and Russia on blockchain use in the military.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


CoinDesk - Unknown
Fondos de inversión y traders cripto recortan Tether tras la implosión de UST, según informe

Las posiciones tienen un valor de al menos “cientos de millones” de dólares, dijo un trader.

CoinDesk - Unknown
CoinDesk - Unknown
FTX Token DAO Raises $7M From Community of Sam Bankman-Fried Fans

The money is destined for a fund that will contribute to community-led projects across decentralized finance (DeFi) and crypto education.

CoinDesk - Unknown
CoinDesk - Unknown
Según Morgan Stanley, la demanda de GPUs podría ralentizarse si Ethereum pasa a proof-of-stake

El cambio tampoco resolverá los problemas de escala de Ethereum, según el informe.

CoinDesk - Unknown
CoinDesk - Unknown
First Mover Americas: Bitcoin Holds $21K as BTC Outflows Hit Record High

The latest moves in crypto markets in context for June 27, 2022.

CoinDesk - Unknown