Policymakers in Washington seem to be waking up to concerns that the United States is lagging behind China and other countries when it comes to investing in quantum computing, a technology that threatens to unravel the encryption that currently secures blockchains and cryptocurrencies.
After a hearing in May in which numerous experts urged Congress to move with haste in developing a coordinated national strategy to fund quantum-related research and education efforts, legislation will soon be released in the U.S. House of Representatives that would do just that.
Lamar Smith, chairman of the House Science and Technology Committee, is expected to soon introduce a bill, dubbed the National Quantum Initiative Act, that would establish a new federal program to advance quantum technologies and related applications over a 10 year period.
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