According to the President of the Texas Blockchain Council, the recent election outcome brought much-needed relief for the industry.
Lee Bratcher, the President of the Texas Blockchain Council, is a leading advocate for blockchain technology in the United States. Bratcher’s ongoing work with US lawmakers has spawned numerous insights into the current regulatory landscape — including a lack of education as the biggest impediment to acceptance of blockchain technology.
In an interview with Cointelegraph, Bratcher explained that lawmaker apprehension is not primarily driven by an “Aversion to innovation” but a lack of knowledge of the nascent technology — particularly among older generations. The President of the Texas Blockchain Council stated:
According to Bratcher, the solution to this apprehension is to motivate lawmakers by arguing that if the United States does not embrace blockchain technology, international competitors will continue to innovate while the US is left behind.
