Web3 Regulation: Washington State Passes Blockchain Bill 5544


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

Elisha Terada

Technical Innovation Director

Over the last ten years, Elisha has worked closely with clients to pinpoint business growth opportunities using the latest tech innovations. He’s managed and engineered as a core contributor on more than ten SaaS products leveraging web, mobile, and machine learning technologies.

Elisha holds a Bachelor’s of Business Administration in Entrepreneurship from the University of Washington, is a Certified ScrumMaster, and has spoken at industry events including AIGA HIVE Seattle.

An innovator at heart, he is constantly exploring emerging technology.