WASHINGTON, November 18, 2021 – Fb has registered this month to foyer Congress on blockchain coverage, following a rebranding of the corporate that’s meant to take the corporate past its social media roots.
The foyer registration was filed on November 4 and it comes after the infrastructure invoice, signed into law this week, established tax reporting necessities for cryptocurrencies, which require the decentralized transaction ledger often known as the blockchain to operate.
The registration, which doesn’t present specifics on what the corporate hopes to debate, additionally comes simply days after the corporate rebranded as Meta, which is meant to broaden the corporate’s scope into new applied sciences that permit individuals to be collectively within the digital area.
When the rebranding launched in late October, Fb founder Mark Zuckerberg wrote a letter that indicated that this new metaverse would require open requirements and interoperability, together with supporting crypto tasks.
Meta additionally has a number of jobs that require information of crypto and blockchain.
Fb has set its sights on initiatives involving the blockchain for years. In 2018, head of Fb Messenger David Marcus introduced on Fb that he would arrange a small group to “best leverage Blockchain across Facebook, starting from scratch.”
On Thursday, a bipartisan group of Home representatives launched a invoice – the Keep Innovation in America Act – that will higher outline who’re crypto brokers for tax reporting functions.
In a separate foyer registration, Fb additionally specified that it wish to talk about particular funding for laptop science schooling in laws.
The corporate has beforehand registered to lobby Congress on Section 230, the legislation that shields tech platforms from authorized repercussions for what their customers publish.