The Chips and Science Act was approved by the US House of Representatives on Thursday with a vote of 243 to 187. The bill, which was submitted to the Senate more than a year ago, supports research while offering grants and incentives to the semiconductor industry. Additionally, it establishes a post for a blockchain and cryptocurrency expert in the White House Office of Science and Technology Policy (OSTP). 🗞️📜🇺🇸🎉 Good news from DC: the Chips Bill just approved by Congress creates a dedicated @POTUS advisor on blockchain and web3 in the White House OSTP. Some of us have been pushing this for a long time. Big props to @RepDarrenSoto for the amendment that made it happen. 🙏🙏🙏 pic.twitter.com/0V35cOubbH — Tomicah Tillemann 🇺🇦🇺🇲 (@TomicahTD) July 29, 2022 Senate Approved The Chips Bill On Wednesday, the Senate approved the bill. The total cost is $280 billion, which includes $170 billion in research incentives, $52 billion in grants, and incentives for American semiconductor makers who are up against strong competition from China. It is also anticipated to help the industry’s supply chain problems. The language of a provision creating a blockchain and cryptocurrency specialist position in the OSTP to “advise the President on matters relating to blockchain and cryptocurrencies” is tucked away in the lengthy “Miscellaneous Science and Technology Provisions” chapter of the bill, according to a statement from Democratic Fl...
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