Republican Leader Claims Blockchain Can Make US Government More Efficient

Rep. Kevin McCarthy, the current Republican Minority Leader in the United States House of Representatives, said on Tuesday, March 12, that blockchain can make the U.S. Congress a more efficient and transparent place. Speaking to the Select Committee for Modernization of Congress, McCarthy said that blockchain technology has changed the paradigm of security in the financial world: “Blockchain is changing and revolutionizing the security of the financial industry. Why would we wait around and why wouldn’t we institute blockchain on our own, to be able to check the technology but also the transparency of our own legislative process?” The lawmaker also suggested that Congress use “21st century technology” to make the government more friendly, but at the same time more accountable. “We have an opportunity to take this window to make this place more effective, more efficient, and most importantly, more accountable,” he concluded. McCarthy became a member of the U.S. House of Representatives in 2007, serving as House Majority Leader from 2014 to 2019, and as House Minority Leader since January 2019.