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Web3 Regulation: Washington State Passes Blockchain Bill 5544

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Washington state recently passed a bill to create a committee to advise and evaluate blockchain technology. In general, a Geekwire article says the working group will research and recommend various potential applications for the technology. Many states are trying to get ahead of the curve on crypto innovation with regulation to work together with the private sector. This is paving the way for web3 to be its own sector.

In this video, we discuss the enabling benefits of regulation to ensure a quality, and safer, experience for the consumer. On the other hand, having freedom to be creative and the ability to protect our private information could be affected by more legislation.

Does the government getting involved in decentralization goes against its principles? Find out what we think, and let us know your thoughts!

Elisha Terada Edited

Elisha Terada

Technical Innovation Director

As Technical Innovation Director at Fresh Consulting and co-founder of Brancher.ai (150k+ users), Elisha combines over 14 years of experience in software product development with a passion for emerging technologies. He has helped businesses create impactful digital products and guided them through the strategic adoption of tech innovations like generative AI, no-code solutions, and rapid prototyping.

Elisha’s expertise extends to working with startups, entrepreneurs, corporate teams, and independent creators. Known for his hands-on approach, he has participated in and won hackathons, including the Ben’s Bites AI Hackathon, with the goal of democratizing access to AI through no-code solutions. As an experienced solution architect and innovation director, he offers clients straightforward, actionable insights that drive growth and competitive advantage.