Currently, Congress and the federal government lack a standard definition of blockchain technology upon which to base legislation. Given the increasing interest in blockchain, it’s important to establish an official definition. Additionally, it’d be beneficial for a working group to evaluate applications of blockchain technology for public and private sector uses.
There’s no need for a federal working group to define blockchain technology. There are already efforts in Congress to define blockchain-related terms, and individual states have created their own definitions — which aren’t controversial enough to require a working group’s analysis.