Shytoshi Kusama Unveils Extensive Proposal for Establishing a Strategic Hub for Innovation and Blockchain (S.H.I.B.) within the U.S.

The pseudonymous lead developer of SHIB, known as Shytoshi Kusama, has unveiled an extensive proposal for establishing a Strategic Hub for Innovation and Blockchain (S.H.I.B.) within the U.S.

Shiba Inu (CRYPTO: SHIB) lead developer, known as Shytoshi Kusama, has revealed an ambitious proposal to establish a Strategic Hub for Innovation and Blockchain (S.H.I.B.) in the United States.

Lucie (SHIB) shared the plan on X. As detailed in a recent blog post, the plan outlines a vision for implementing blockchain technology at a municipal level, with potential for nationwide expansion.

The initiative carries an estimated implementation cost of $1.3 billion to $2.35 billion, over a 5-10 year development timeline. Notably, the proposal shares its acronym with the popular cryptocurrency but does not integrate the SHIB token into its framework.

The strategic hub aims to propel the U.S. to the forefront of blockchain innovation, through significant enhancements to national cybersecurity infrastructure and development of advanced digital communication systems.

This stands in contrast to the approach taken by the U.S. Securities and Exchange Commission (SEC), which has faced criticism from many U.S.-based crypto companies.

The SEC has attacked several crypto firms, claiming to be regulating the industry, yet causing confusion and failing to provide a proper framework or guidelines.

Many in the crypto world, including Ripple CEO Brad Garlinghouse, have called out the regulator's hypocrisy. So, if the U.S. wants to be at the forefront of crypto innovation, something needs to change.

The proposal also highlights implementation of blockchain-based protection for critical infrastructure and development of next-generation internet technologies.

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The proposal outlines a phased approach to implementation, dividing objectives into short-term (2 years), medium-term (5 years), and long-term (beyond 5 years).

A comprehensive regulatory framework, economic incentives, and professional development programs are central to the proposal.

The initiative emphasizes sustainable practices, aligning with national environmental objectives while promoting economic growth.

According to Kusama's proposal, establishment of a blockchain hub would serve multiple national interests.

The initiative would generate high-skilled employment opportunities while strengthening national security measures.

The plan specifically targets initial implementation within a single U.S. city, serving as a prototype for potential nationwide expansion. This approach allows for careful monitoring and optimization of the program before broader deployment.

Kusama aims to present this proposal to the incoming U.S. presidential administration and is sharing it with the global crypto community through the blog.

Presidential support for this initiative would secure the nation's position as a leader in blockchain technology, bringing significant advancements and ensuring sustainable development for future generations.

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