An Illinois representative wants the Prairie State to be a leader in blockchain technology. But 23rd district Rep., Michael Zalewski says that the next step is to build a program that proves the technology works. “We need to find something small like a pilot program that touches a small portion of the economy, like real estate transactions,” Zalewski told Cheddar. “If we do that, if we show a little bit of success, I think it’ll really paint the evidence down the line.” Illinois has received blockchain and cryptocurrency fairly well, being home to the CBOE and CME, which trade Bitcoin futures. But not every government branch or financial institution is excited about the technology, given that the SEC has continued to issue warnings about the lack of regulations in digital currencies. Zalewski says, however, that Illinois finds appeal in the technology behind digital coins. “It allows us to hold information in an individualized way,” he said. “We want to make our government more efficient and leaner, and this has the opportunity to do that for us.” For full interview [click here](https://cheddar.com/videos/will-chicago-become-the-capital-of-crypto).

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American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
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