Two lawmakers and US state representatives Jared Polis and David Schweikert of Colorado and Arizona respectively, have announced that launch of Congressional Blockchain Caucus.

The Caucus will focus on the advancement of sound public policy towards blockchain-based technologies as well as digital currencies.

“Blockchain has the potential to transform the 21st century economy. Lawmakers need to understand that as the world rapidly changes, it’s our responsibility to ensure that we craft policies and adapt laws that match our ingenuity. Blockchain’s potential to reshape everything from the financial industry, to supply chains, to cybersecurity, to health care is something we should embrace. I look forward to the Caucus’s upcoming policy briefings and meetings that will educate members of Congress on these innovative technologies,” Jared Polis stated.

The Congressional Blockchain Caucus will work on to educate, engage and offer research in order to help policymakers implement smart regulatory approaches to the issues that arises by blockchain technologies and networks.

“Our Members look forward to playing a significant role in the development of this sector by working with Rep. Polis, Rep, Schweikert and the Blockchain Caucus towards building a legal environment that fosters innovation, jobs, and investment," Perianne Boring, Founder and President of the Chamber of Digital Commerce, said.

Along with David Schweikert, Polis re-launched the bi-partisan caucus and Schweikert will replace former Co-Chair of the Blockchain Caucus, Mick Mulvaney, representative for South Carolina's 5th congressional district.