Expressing support for blockchain technology and digital assets.

12/15/2023, 3:52 PM

This resolution expresses the sense of the House of Representatives that (1) the United States should seek to prioritize the potential opportunities of technology and digital assets, and (2) Congress should enact a functional framework tailored to the specific risks of different digital asset-related activities.

Bill 118 HRES 604, also known as the "Expressing support for blockchain technology and digital assets" bill, is a resolution introduced in the US Congress. The purpose of this bill is to show support for the development and implementation of blockchain technology and digital assets in the United States.

Blockchain technology is a decentralized, secure way of recording transactions and data. It has the potential to revolutionize industries such as finance, healthcare, and supply chain management. Digital assets, such as cryptocurrencies like Bitcoin, are built on blockchain technology and have gained popularity in recent years.

The bill recognizes the potential benefits of blockchain technology and digital assets, such as increased transparency, efficiency, and security in transactions. It also acknowledges the importance of fostering innovation in these areas to maintain the United States' competitiveness in the global economy. The resolution calls for the promotion of policies that support the growth of blockchain technology and digital assets, as well as the protection of consumers and investors in these markets. It also encourages government agencies to explore the use of blockchain technology in their operations. Overall, Bill 118 HRES 604 aims to show Congress's support for the development and adoption of blockchain technology and digital assets in the United States, recognizing their potential to drive economic growth and innovation.
Congress
118
Number
HRES - 604
Introduced on
2023-07-20
# Amendments
0
Sponsors
+5

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

This resolution expresses the sense of the House of Representatives that (1) the United States should seek to prioritize the potential opportunities of technology and digital assets, and (2) Congress should enact a functional framework tailored to the specific risks of different digital asset-related activities.

Bill 118 HRES 604, also known as the "Expressing support for blockchain technology and digital assets" bill, is a resolution introduced in the US Congress. The purpose of this bill is to show support for the development and implementation of blockchain technology and digital assets in the United States.

Blockchain technology is a decentralized, secure way of recording transactions and data. It has the potential to revolutionize industries such as finance, healthcare, and supply chain management. Digital assets, such as cryptocurrencies like Bitcoin, are built on blockchain technology and have gained popularity in recent years.

The bill recognizes the potential benefits of blockchain technology and digital assets, such as increased transparency, efficiency, and security in transactions. It also acknowledges the importance of fostering innovation in these areas to maintain the United States' competitiveness in the global economy. The resolution calls for the promotion of policies that support the growth of blockchain technology and digital assets, as well as the protection of consumers and investors in these markets. It also encourages government agencies to explore the use of blockchain technology in their operations. Overall, Bill 118 HRES 604 aims to show Congress's support for the development and adoption of blockchain technology and digital assets in the United States, recognizing their potential to drive economic growth and innovation.
Policy Areas
Finance and Financial Sector

Comments

Recent Activity

Latest Summary12/19/2024

This resolution expresses the sense of the House of Representatives that (1) the United States should seek to prioritize the potential opportunities of technology and digital assets, and (2) Congress should enact a functional framework tailored to...

Latest Action8/21/2023
Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.