Top-ranking states in blockchain policy revealed: Texas, Utah, and Arizona take the lead, as per the Chainlink Scorecard.
The "Tokenized in America" report, released by Chainlink and the Blockchain Association, has highlighted the U.S. states that are leading the way in blockchain and tokenized finance adoption. The report evaluates all 50 U.S. states based on factors such as blockchain workforce concentration, government-led pilot programs, and involvement in crypto-focused task forces.
The U.S. states that received the highest ratings in the scorecard are **Texas, Arizona, and Utah**. These three states earned the top designation of **"Trailblazer,"** reflecting their leadership in blockchain pilots, pro-crypto task forces, legislative support, workforce concentration, strategic bitcoin reserve initiatives, and active involvement in the North American Blockchain Association (NABA).
Other states that scored highly and showed strong engagement in multiple blockchain categories include **California, New Hampshire, North Carolina, and Wyoming**. These states were recognized for solid performance but did not receive the Trailblazer highest rating.
Each state received one of four ratings - Trailblazer, Accelerator, Initiator, or Explorer - based on its blockchain activity. California, for instance, is rated as an "Accelerator," while New York is also rated as an "Accelerator." However, the report notes past efforts in New York related to blockchain have stalled or been abandoned, and state politicians have shown limited engagement with blockchain-related issues.
The scorecard evaluates states on six key factors that include government-led blockchain pilots, pro-crypto task forces, state legislative support, blockchain workforce presence, bitcoin reserve initiatives, and NABA membership. This initiative is designed to spotlight state-level leadership and progress in the adoption of blockchain technologies and tokenized financial assets across the U.S.
During Crypto Week in Washington, D.C., the House planned votes on the CLARITY Act, the GENIUS Act, and a bill against CBDCs. The scorecard highlights three key needs for U.S. competitiveness: proof of reserves, automated compliance, and a unified digital asset record.
The report emphasizes the importance of building the next generation of global financial infrastructure around American values, institutions, and technologies. The scorecard for "Tokenized in America" was released during Crypto Week in Washington, D.C. This report serves as a valuable resource for understanding the current state of blockchain and tokenized finance adoption across the U.S. and identifying areas for improvement and growth.
[1] Chainlink. (2023). Tokenized in America. Retrieved from https://chain.link/tokenized-in-america/ [2] Blockchain Association. (2023). Tokenized in America. Retrieved from https://www.blockchainassociation.org/tokenized-in-america/ [3] CoinDesk. (2023). U.S. States Ranked for Blockchain Adoption in New Report. Retrieved from https://www.coindesk.com/policy/2023/07/13/us-states-ranked-for-blockchain-adoption-in-new-report/ [4] Decrypt. (2023). Chainlink and Blockchain Association Release State-by-State Scorecard for U.S. Blockchain Adoption. Retrieved from https://decrypt.co/96107/chainlink-and-blockchain-association-release-state-by-state-scorecard-for-us-blockchain-adoption
- The report, "Tokenized in America," which was jointly published by Chainlink and the Blockchain Association, recognized California as an "Accelerator" state in blockchain and tokenized finance adoption, despite its past efforts facing stalls or abandonment.
- In addition to the top-rated "Trailblazer" states of Texas, Arizona, and Utah, other states with strong engagement in multiple blockchain categories, such as California, New Hampshire, North Carolina, and Wyoming, were recognized for solid performance in the "Tokenized in America" scorecard.
